The market continues to be defined by strong fundamentals and weak weather. Assuming normal weather watch for a price rally in Q4 toward $3.25/mmbtu. But strong supply growth in 2018 will put downward pressure on prices driven by a continued drilling recovery especially in the Permian where there is initial evidence of higher possible gas to oil ratios; a Northeast supply response to growing pipeline completions; and a recovery in the Montney. Demand in 2018 is weakened off the back of Cameron LNG's delay. In 2019 weakening global markets will mean to LNG shut ins but prices will stabilize at a range that is competitive with US power generation leading to volatile flows and demand levels but stable prices.