re: BOIL has become predictable

$2 gas seems like it could be a reality this spring - in a lot of ways we are in a worse place than 2012, mild winter and high storage aside. There is massive infrastructure coming online in the next 6 months to move Marcellus gas south. A lot of the major production receipt points in the Marcellus are trading around $1.50 today. Henry hub basis could get crushed as a result. The only thing offering a floor is power producers, but they aren't really in the picture until the summer. Take with a grain of salt though, my timing has been close to 100% wrong with this entire trade the last 12 months.