Happy Valentine’s Day, my dear contrarian. On this day of love and (let’s be honest) fake affection, we are going to take a pass on the Hallmark holiday and focus on something more profitable.
Natural gas did it again! It fell below $2 per million BTUs. These washout levels typically represent a floor for nat gas prices.
Every time it drops below this $2 linoleum level, the price eventually pops and tests the ceiling. Now that we have this ideal setup again, let’s back up the truck!
Death, taxes and the cyclical nature of natural gas are the only three things we contrarians can be certain about!… Read more