%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Wall Street investment bank Morgan Stanley (NYSE: $MS ) is bullish on natural gas as we enter winter. Energy analysts at Morgan Stanley say a cold start to winter and record liquefied natural gas (LNG) flows should support natural gas prices for several months. Natural gas' price is currently at $4.968 per million British thermal units (MMBtu), up 17% over the last month, and up 36% year-to-date. Morgan Stanley sees more upside ahead and expects the price of natural gas to break above $5 per MMBtu by early 2026. Analysts at Morgan Stanley say further price support is likely to come from record LNG flows and with December forecast to be the coldest in a decade. At the same time, strong supply has left the forward curve heavily backwardated, a situation in which the current price of a commodity such as natural gas is higher than the forward price. Nevertheless, Morgan Stanley likes the set-up for natural gas prices, saying that it should benefit in coming months from "stronger LNG feed gas flows and colder weather revisions." The stock of Morgan Stanley has risen 39% this year to trade at $173.72 U.S. per share, near an all-time high.