- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Good news on NG prices...
Posted on 10/12/12 at 9:18 am
Posted on 10/12/12 at 9:18 am
Natural Gas prices rising and expected to rise further:
LINK
Could end up saving a few companies that were looking down the barrel of the gun as the end of the year approaches.
quote:
Natural gas prices are poised for a third straight quarter of gains as U.S. power plants erode a supply glut by switching from coal at an unprecedented pace.
Gas may reach $4 per million British thermal units for the first time since September 2011 as winter heating demand picks up after mild weather a year ago, according to Mizuho Securities USA Inc., Bank of America Corp. and Tudor, Pickering, Holt & Co. Prices have jumped 8.7 percent to $3.488 since July as electricity generators used record amounts of the fuel.
quote:
Gas may exceed $4 “in periods of temporary tightness,” Sabine Schels, a commodity strategist at Bank of America in London, wrote in an Oct. 8 report.
The gas market “rebalanced quickly this summer, reducing the glut caused by overproduction and depressed winter demand. Stocks have built below the seasonal norm, alleviating concerns about storage containment,” she wrote.
Natural gas may reach $5 per million Btu in the first half of 2013 on elevated demand and improved economics, said Hussein Allidina, head of commodities research at Morgan Stanley, in a note to clients today.
LINK
Could end up saving a few companies that were looking down the barrel of the gun as the end of the year approaches.
6
Posted on 10/12/12 at 9:22 am to cwill
Posted on 10/12/12 at 9:46 am to cwill
This isn't good for industries that use NG as a source of power...
Posted on 10/12/12 at 9:50 am to Golfer
quote:
This isn't good for industries that use NG as a source of power...
It's still stupid cheap.
It's a big net gain for America.
Posted on 10/12/12 at 9:54 am to cwill
Yay! I love paying more to Entergy! Be sure to post the good news when Cox raises prices.
Posted on 10/12/12 at 10:02 am to TheHiddenFlask
quote:
It's still stupid cheap. It's a big net gain for America.
I'm biased bc of the needs for NG here
But yes, as long as we see it hover around this for 3-5 years it will be great
Posted on 10/12/12 at 10:37 am to Golfer
I've made over 20K on BOIL since June.......
Posted on 10/12/12 at 10:54 am to Golfer
quote:
This isn't good for industries that use NG as a source of power...
It was too cheap to be sustained...you need $6-7 minimum avg to sustain shale exploration which created the glut that led to $2.50. At the end of the day it's a win for the US consumer....without the $6-7 for shale gas you'd be paying $15/M from conventional and LNG import.
Posted on 10/12/12 at 11:04 am to cwill
I understand this, I was speaking more towards the upward trend.
If it stabilizes at $6, yes it will be beneficial for all of Louisiana.
If it stabilizes at $6, yes it will be beneficial for all of Louisiana.
Posted on 10/12/12 at 12:07 pm to cwill
quote:
Could end up saving a few companies that were looking down the barrel of the gun as the end of the year approaches.
Thank goodness. I found out last week that this Monday is the last day I can bill for (oil & gas landman), so I need some companies to start leasing/drilling again so they can put me to work!
Posted on 10/12/12 at 12:48 pm to LSUGUMBO
quote:
Thank goodness. I found out last week that this Monday is the last day I can bill for (oil & gas landman), so I need some companies to start leasing/drilling again so they can put me to work!
yay for natural gas! i hope it hits $10 again.
Posted on 10/12/12 at 1:05 pm to CAD703X
Been wishing I had some extra cash laying around to lay on Chesapeake, guess I will miss out on that.
Posted on 10/12/12 at 1:47 pm to LSUGUMBO
quote:
LSUGUMBO
We may know eachother....
Posted on 10/12/12 at 1:56 pm to GREENHEAD22
quote:
Been wishing I had some extra cash laying around to lay on Chesapeake, guess I will miss out on that.
I got in at 16 or so back in May I think. Was wondering why it shot up the last 2 days. If it gets up around 23 I think I'll take at least part of my gains and go on about my business.
Posted on 10/12/12 at 2:30 pm to thedogman
quote:
thedogman
For real? How so?
Posted on 10/12/12 at 2:31 pm to LSUGUMBO
I'm a Shreveport landman as well. Does your last name start with B?
Posted on 10/12/12 at 2:33 pm to thedogman
quote:
Does your last name start with B?
not that i know anything about anyone...
Posted on 10/12/12 at 2:37 pm to thedogman
It does. What are your initials?
ETA: And do you have a job for me?
ETA: And do you have a job for me?
This post was edited on 10/12/12 at 2:38 pm
Posted on 10/12/12 at 2:40 pm to LSUGUMBO
We talked last week I believe and you told me about your situation. My name starts with N.
I don't have a job for you but maybe a couple of leads
I don't have a job for you but maybe a couple of leads
Posted on 10/12/12 at 2:46 pm to thedogman
Ahhhh. 
Give me a call if you have anything. I found something, but it's out of town, so I'm holding out until the last second to take that one in hopes that I find something where I can be home every night.
Give me a call if you have anything. I found something, but it's out of town, so I'm holding out until the last second to take that one in hopes that I find something where I can be home every night.
Page 1 of 2
Back to top
Follow TigerDroppings for LSU Football News