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re: Good news on NG prices...

Posted on 10/12/12 at 5:42 pm to
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 10/12/12 at 5:42 pm to
Man, capitalism and the "invisible hand" are so bad-arse 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.
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 10/12/12 at 8:33 pm to
quote:

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


Like the ones up and down MS river
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8140 posts
Posted on 10/12/12 at 8:35 pm to
Some smart banks making these gas calls
This post was edited on 10/12/12 at 8:36 pm
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 10/13/12 at 7:56 am to
You have enough time to post on TD, but not return my text? My new office is within a rock's throw of yours.
Posted by CAD703X
Liberty Island
Member since Jul 2008
77820 posts
Posted on 10/13/12 at 1:43 pm to
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
Posted by rmc
Truth or Consequences
Member since Sep 2004
26467 posts
Posted on 10/17/12 at 11:31 am to
Did NG prices go up again? CHK up 3%. Almost to the point where I get out.
Posted by TigerBite
Dallas
Member since Feb 2004
2535 posts
Posted on 10/17/12 at 10:50 pm to
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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