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NG is getting pummeled with no relief in sight...how to take advantage of it?
Posted on 2/15/24 at 10:20 pm
Posted on 2/15/24 at 10:20 pm
Bouncing around 1.50-1.60, any theories on how long it will be down?
Bill on LNG halt probably won't get figured out until after the election. Anti flaring campaigns have brought loads of Permian gas to the market and will continue to. Two mild winters in a row and going into an El Nino pattern.
Things are looking bleak for the abundant, clean, US fuel.
In the flip side what is the best way to profit from this? Buy NG producers on the cheap?
Bill on LNG halt probably won't get figured out until after the election. Anti flaring campaigns have brought loads of Permian gas to the market and will continue to. Two mild winters in a row and going into an El Nino pattern.
Things are looking bleak for the abundant, clean, US fuel.
In the flip side what is the best way to profit from this? Buy NG producers on the cheap?
This post was edited on 2/16/24 at 1:18 pm
Posted on 2/16/24 at 7:23 am to GREENHEAD22
My power bill enjoys this
Posted on 2/16/24 at 8:47 am to GREENHEAD22
gas producers keep adding rigs and drilling at all time high production levels. winter is behind us and storage will continue to build.
Posted on 2/18/24 at 1:24 pm to GREENHEAD22
dry gas producers are announcing rig cuts and no prod growth, which will stop the bleeding.
if the upcoming summer is half as hot as most of the weather vendors are expecting, it'll help to balance the market some. market really needs b2b seasons with well above average hdd and cdd to churn through some of the storage at 104-105 bcf/d production. even with a well above average summer, you're looking at a titanic 4.3-4.5 tcf in the ground end of october.
the delays to golden pass and plaquemines put the gas market in a tough spot.
if the upcoming summer is half as hot as most of the weather vendors are expecting, it'll help to balance the market some. market really needs b2b seasons with well above average hdd and cdd to churn through some of the storage at 104-105 bcf/d production. even with a well above average summer, you're looking at a titanic 4.3-4.5 tcf in the ground end of october.
the delays to golden pass and plaquemines put the gas market in a tough spot.
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