- 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
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
4
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 2/16/24 at 1:06 pm to GREENHEAD22
Thanks joe
Posted on 2/16/24 at 1:13 pm to tigersmanager
It’s easy to blame on Biden, but gas companies are own worse enemy. No discipline at all in keeping rig count down and market balanced.
Posted on 2/16/24 at 1:16 pm to LSU0358
Yea, they are finally just starting to pull rigs.
The better question is how do we take advantage of this to make some $. Besides saving $ on our electricity bills.
The better question is how do we take advantage of this to make some $. Besides saving $ on our electricity bills.
This post was edited on 2/16/24 at 1:39 pm
Posted on 2/17/24 at 12:19 pm to GREENHEAD22
I don't know how much of an effect it will have, but Israel took out two of Iran's natural gas pipelines this morning.
Posted on 2/18/24 at 9:03 am to LSU0358
quote:
No discipline at all in keeping rig count down and market balanced.
How the heck does this get downvotes? The Biden admin ruling doesn't impact the current market at all.
US energy execs lack patience. There is nothing wrong with keeping company rig count low and sitting there and making money.
Posted on 2/18/24 at 9:20 am to LSU0358
The discipline better than in past cycles, but yeah that mentality always creeps back in.
Posted on 2/18/24 at 9:25 am to LSU0358
Yes and no. The LNG ruling is definitely playing into NG futures. Also the flaring rules has added a ton of Permian gas to the system. While that was forecasted the amount has exceeded expectations due to a lot higher GOR in the newer Permian wells.
But they definitely have been slow to stack rigs.
But they definitely have been slow to stack rigs.
This post was edited on 2/18/24 at 9:26 am
Posted on 2/18/24 at 9:50 am to GREENHEAD22
quote:
The LNG ruling is definitely playing into NG futures.
I lean towards the LNG ruling being an election year sop to the leftist base. This can't be a long term deal as it would wreck relations with the Europeans, Japanese, and Koreans. I might be proven wrong and the looney tunes might actually be in charge.
The LNG plants impacted by the ruling where all three years out and further from coming on line. The futures that far out have such small liquidity its tough to get much out of them.
quote:
flaring rules
I think this has had more of an impact than the LNG ruling. I'm not a fan of waste so I don't think this ruling is all that bad of a thing.
quote:
higher GOR
Oil staying above $70 means the higher GOR wells will continue to be drilled. The gas only guys have to see where they are on the gas supply stack with the associated production included and adjust their rig count accordingly. If not, they can continue to enjoy sub $3 nat gas until the new LNG projects come on line in 2025 plus another 18 to 24 months to work down high inventory.
ETA: I know the nat gas execs wanted to have production in place to handle the new LNG demand, but brining wells online with existing infrastructure in place happens much faster than permitting, building, and commissioning new LNG plants.
This post was edited on 2/18/24 at 9:55 am
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.
Posted on 2/18/24 at 1:26 pm to GREENHEAD22
quote:not really. 24 through late-25 nymex got whacked bc of a lack of winter and delays to already approved / permitted lng facilities. it has almost nothing to do with pause on non-fta licenses.
The LNG ruling is definitely playing into NG futures.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News