Hello Sorry for the dumb question, but if I am going to calculate the strip price for NatGas contracts from July 2009 - June 2010 do I simply pull up the current price of each contract, add them up, and divide by 12?
It could also be volume weighted (more in the winter, less in the summer). it could also be based on a season (injection season, withdrawl season), or it can be a straight calendar strip like you are suggesting. just depends.