Name: Perkins: About 10% of U.S. gas production has been frozen off by the cold
Uploaded: 2026-01-26T14:28:43+00:00
Duration: 189 s

Speakers

Chris Perkins — President, CoinFund

Summary

Bill Perkins, CEO and Head Trader at Skylar Capital Management, discusses the extreme cold-driven spike in natural gas. He says about 10% of U.S. gas production has been frozen off amid record demand, storage has not kept up with flowing supply growth, and the market may face a summer refill problem. He expects higher natural gas and power prices, names Expand Energy as a best-positioned equity, and says the broader energy complex could see higher prices this year, though weather remains key.

Extreme cold has frozen off roughly 10% of U.S. natural gas production.
Record gas demand and limited storage growth amplify price volatility.
Perkins warns of possible summer refill problems if the cold-driven drawdown persists.
Natural gas disruptions are rippling into power and electricity markets with their own scarcity issues.
Expand Energy is named as the least hedged and most exposed to higher gas prices.
Perkins expects higher energy-complex prices this year, contingent on weather.

Ideas

Chris Perkins President, CoinFund 0:27

Natural gas prices likely repricing higher

Perkins expects natural gas to be supported or reprice higher because extreme cold has frozen off about 10% of U.S. gas production while demand is at record levels. Storage has barely grown over the past decade even as flowing gas supply has grown by more than 50%, so cold disruptions can make the market rock. The key risk is how long the cold lasts and whether the drawdown leads to a summer refill problem.

Chris Perkins President, CoinFund 1:41

Power scarcity supports higher electricity prices

Perkins says the natural gas supply shock ripples into power markets because gas-fired generation is a significant and necessary part of electricity supply. The electricity market also has its own scarcity problem: not enough power plants have been built while population and GDP have grown, so power prices can start rocking and remain elevated for the week.

Chris Perkins President, CoinFund 2:19

Expand Energy best exposed to gas prices

Among energy equities, Perkins names Expand Energy as best positioned because it is the least hedged and most exposed to higher natural gas prices. The prior bearish setup of high storage, ample flowing supply, and possible summer containment is now off the table, and a summer refill problem could further benefit the name.

Chris Perkins President, CoinFund 3:01

Higher energy complex prices likely this year

When asked whether the broader energy complex could see higher prices this year, Perkins says definitely, citing the cold-driven gas disruption and potential refill issues, though he notes the outcome depends on whether weather warms up and that crude is driven by different dynamics.

Perkins: About 10% of U.S. gas production has been frozen off by the cold

Summary

Ideas

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