Good news on NG prices... - Page 2 - TigerDroppings.com

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Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3224 posts

re: Good news on NG prices...


Man, capitalism and the "invisible hand" are so bad-ass at resource allocation. I'm proud to be an American and am glad the government didn't try to switch the plants to wind power or something similarly asinine. Just give 'em time, i guess.





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bryso
Clemson Fan
The Real Death Valley
Member since Dec 2006
27062 posts

re: Good news on NG prices...


quote:

This isn't good for industries that use NG as a source of power...


Like the ones up and down MS river






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Athanatos
Vanderbilt Fan
Baton Rouge
Member since Sep 2010
6398 posts
 Online 

re: Good news on NG prices...


Some smart banks making these gas calls


This post was edited on 10/12 at 8:36 pm


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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16770 posts

re: Good news on NG prices...


You have enough time to post on TD, but not return my text? My new office is within a rock's throw of yours.





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CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
25538 posts
 Online 

re: Good news on NG prices...


quote:

You have enough time to post on TD, but not return my text? My new office is within a rock's throw of yours


when td and irl collide






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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22492 posts

re: Good news on NG prices...


Did NG prices go up again? CHK up 3%. Almost to the point where I get out.





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TigerBite
LSU Fan
Dallas
Member since Feb 2004
1909 posts

re: Good news on NG prices...


quote:

Did NG prices go up again? CHK up 3%. Almost to the point where I get out.


I believe NG prices are at their highs since last year at this time. A year ago, the following two months came tumbling. Currently, NG is a little overbought. Tomorrow's storage could give a little more directionality, but near-term weather and storage trends are not favorable at the moment. Most banks are calling for $4 gas next year. Shales are economice at $4-$5, so there's your likely cap.

Fundamentals are favorable, but it is way too easy to put rigs to work and get production numbers back up. E&Ps are still hedging any pops, so that should be a decent clue.






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