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While oil has been on a tear during the reflation rally, it’s cousin natural gas has not received the same love from traders. “The Natty”, which currently is languishing around $4, couldn’t be hated more, writes Steve Sjuggerud for DailyWealth: Specifically, right now, there are more bets against natural gas by large speculators than there […]
Raise your hand if, a few years ago, you thought you’d see Natural Gas trading below $3 ever again. I never expected it. Yet here we are, just a few years after there was talk of “Peak Nat Gas” in North America, with the Natty sliding below $3. And what a slide it’s been! Turns […]
Great Dennis Gartman interview over on The Globe Investor. Here are a couple of quick hits, and you can find the full interview here. Gartman’s thoughts on: Gold: Someone or something is leaning on gold at $980-$1000 and I’ll let that seller be sated before I venture back to the long side. So will I […]
Natural gas prices have hit their lowest levels since 2002, because, well, there’s just an awfully lot of it available right now. The Wall Street Journal reports that years of higher natural gas prices this decade has spurred more drilling and innovation, resulting in a production rise of 11% over the past two years in […]
May Natural Gas futures currently sit a shade above $3.50 – their lowest point since 2002! Check out this chart…can you spot the trend? Source: BarChart.com Jeff Clark writes that $3.50 is widely regarded as the “shut in” price for natural gas – the price where drillers are better off closing the well than continuing […]
Tom Dyson reports that Natural Gas is now below its cost of production – after having fallen all the way down to $3.50 at a recent low point (sitting currently at $4.31). Dyson urges readers to “get long” now: I expect the rise in gas prices is imminent. Gas prices track oil prices. Oil has […]
Matt Badiali writes that demand for natural gas has dried up, and he expects prices could stay low for some time. Natural gas often rallies this time of year, but has not moved up thus far. Matt cites record recent production – with nat gas reserves at record highs – as another factor that may […]
“I think I made a mistake” Pickens humbly told CNBC yesterday, referring to his prediction that oil would drop in the 1st quarter. He sees oil “hanging around here” in the 2nd quarter, and above $100/barrel in the 2nd half of the year. He is also bullish on natural gas, citing it’s relative cheapness compared […]
From Agora’s 5 Min Forecast: “The price of natural gas continues to wallow around and not do much,” Chris Mayer tells his Capital & Crisis readers, “but there are two long-term, seemingly relentless natural gas trends that bode well for those invested in the industry. Price movement like this is making many natgas stocks “move […]
Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss Market Value 01/22/07 Long 1 DEC 08 Cotton 63.00 67.15 $2,075.00 04/16/07 Long 1 DEC 08 Cotton 64.50 67.15 $1,325.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 119.20 $1,462.50 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 119.20 ($487.50) 03/23/07 Long 1 SEP 08 […]
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