Good news on NG prices... | TigerDroppings.com

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cwill
New Orleans Saints Fan
Member since Jan 2005
23930 posts

Good news on NG prices...


Natural Gas prices rising and expected to rise further:

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.







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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16775 posts

re: Good news on NG prices...








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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56088 posts

re: Good news on NG prices...


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





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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16775 posts

re: Good news on NG prices...


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.






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Spock's Eyebrow
LSU Fan
Member since May 2012
2883 posts

re: Good news on NG prices...


Yay! I love paying more to Entergy! Be sure to post the good news when Cox raises prices.






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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56088 posts

re: Good news on NG prices...


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






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16239 posts

re: Good news on NG prices...


I've made over 20K on BOIL since June.......





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cwill
New Orleans Saints Fan
Member since Jan 2005
23930 posts

re: Good news on NG prices...


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.






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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56088 posts

re: Good news on NG prices...


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.






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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4800 posts

re: Good news on NG prices...


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!






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CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
25616 posts

re: Good news on NG prices...


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.






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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
8021 posts

re: Good news on NG prices...


Been wishing I had some extra cash laying around to lay on Chesapeake, guess I will miss out on that.





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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: Good news on NG prices...


quote:

LSUGUMBO


We may know eachother....






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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22497 posts

re: Good news on NG prices...


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.






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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4800 posts

re: Good news on NG prices...


quote:

thedogman


For real? How so?






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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: Good news on NG prices...


I'm a Shreveport landman as well. Does your last name start with B?





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CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
25616 posts

re: Good news on NG prices...


quote:

Does your last name start with B?



not that i know anything about anyone...






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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4800 posts

re: Good news on NG prices...


It does. What are your initials?

ETA: And do you have a job for me?



This post was edited on 10/12 at 2:38 pm


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thedogman
New Orleans Saints Fan
Member since Dec 2008
1475 posts

re: Good news on NG prices...


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






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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4800 posts

re: Good news on NG prices...


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.





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