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Message
Natural gas up 17% so far today
Posted on 11/14/18 at 12:28 pm
Posted on 11/14/18 at 12:28 pm
Im assuming that the price will keep on going up if the winter stays cold through spring since supplies are pretty low right now compared to years past.
13
Posted on 11/14/18 at 12:34 pm to TigersHuskers
Global coolin bruh
Posted on 11/14/18 at 12:39 pm to TigersHuskers
Cutting the nuts right out of the Middle East.
Posted on 11/14/18 at 12:57 pm to TigersHuskers
As a gas trader I can tell you its been great for me and my company being on the right side of this. But I know a few shops that are on the wrong side and are racking up huge losses. The run will continue. I see Jan contract at a 5 handle soon.
Eta: your basic assumption is correct. low inventory and a wicked cold forecast is causing the run. Dec-Apr are way up, May forward are down.
Eta: your basic assumption is correct. low inventory and a wicked cold forecast is causing the run. Dec-Apr are way up, May forward are down.
This post was edited on 11/14/18 at 12:59 pm
Posted on 11/14/18 at 12:58 pm to TigersHuskers
quote:
Im assuming that the price will keep on going up if the winter stays cold
To a certain extent, yes
Posted on 11/14/18 at 12:58 pm to TigersHuskers
I've been doing my part.
Posted on 11/14/18 at 1:11 pm to Bob Sacamano
I don’t trade nat gas, but doesn’t the run up happen every year on the first big cold fronts?
Posted on 11/14/18 at 1:17 pm to ClampClampington
Not like this. This similar to 2014 polar vortex run. I think its a 10 year high overall. I can check when I get back to my desk.
Posted on 11/14/18 at 1:19 pm to TigersHuskers
Wonderful. Really enjoyed my $400 gas bills last year. Can’t wait to see them again.
Posted on 11/14/18 at 1:19 pm to Mingo Was His NameO
quote:
To a certain extent, yes
thats good for coal so its good for my wallet.
Posted on 11/14/18 at 1:20 pm to StringedInstruments
quote:
Wonderful. Really enjoyed my $400 gas bills last year. Can’t wait to see them again.
speak for yourself. some of us have signed haynesville shale leases
Posted on 11/14/18 at 1:23 pm to CAD703X
Congrats buddy
Posted on 11/14/18 at 1:44 pm to TigersHuskers
Good planning on taking the family on a Disney Cruise.
Posted on 11/14/18 at 1:49 pm to Bob Sacamano
quote:How's Arnold positioned?
As a gas trader I can tell you its been great for me and my company being on the right side of this. But I know a few shops that are on the wrong side and are racking up huge losses. The run will continue. I see Jan contract at a 5 handle soon.
Eta: your basic assumption is correct. low inventory and a wicked cold forecast is causing the run. Dec-Apr are way up, May forward are down.
Posted on 11/14/18 at 1:52 pm to TigersHuskers
They had a big line in Mississippi blow the other day and might be down awhile. That could be the cause plus the cold weather .
Posted on 11/14/18 at 1:54 pm to TigersHuskers
quote:
thats good for coal so its good for my wallet.
Probably makes minimal difference as far as coal is concerned
Posted on 11/14/18 at 2:01 pm to Big Scrub TX
quote:
How's Arnold positioned?
Ha good question. If I were him I would have taken my money and quit.
Posted on 11/14/18 at 2:03 pm to Bob Sacamano
quote:
Not like this. This similar to 2014 polar vortex run.
The cold signal has gotten pretty pronounced over the past couple of days. Big swing into a negative NAO (cold eastern USA and cold Europe) projected and a couple other features suggesting the cold to continue in the east and more big cold blasts in December and January. Not surprised in the slightest to see natural gas taking off today.
Posted on 11/14/18 at 2:03 pm to Placebeaux
quote:
They had a big line in Mississippi blow the other day and might be down awhile. That could be the cause plus the cold weather .
A line down in MS would only marginally affect regional prices. The enbridge blow out in Canada recently affected prices all over the west coast.
Posted on 11/14/18 at 2:07 pm to Duke
quote:
The cold signal has gotten pretty pronounced over the past couple of days. Big swing into a negative NAO (cold eastern USA and cold Europe) projected and a couple other features suggesting the cold to continue in the east and more big cold blasts in December and January. Not surprised in the slightest to see natural gas taking off today.
Aligns with what our in-house met said earlier this morning. Good for business.
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