Nop dickhead I'm not buying based on farmer's almanac. I was justbrowsing through it the other day. Last year's winter was brutal and cold and I'm sure we can expect more if it again this year.
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early open sunday for nymex energy
- Thread starter SethArb
- Start date
Quote from Rtrader2525:
Nop dickhead I'm not buying based on farmer's almanac. I was justbrowsing through it the other day. Last year's winter was brutal and cold and I'm sure we can expect more if it again this year.
I really might try and build a position out of this though, it looks to be a very cold harsh winter coming up. (source farmers almanac).
Your edge is staggering. Please never leave.
Trading on news events is almost always a losing proposition.
Well that was a fun wait all for nothing.
How low does nat gas go? We should be in for some capitulation soon.
If the canes don't pan out, do we test 5.50-6.00 area?
How low does nat gas go? We should be in for some capitulation soon.
If the canes don't pan out, do we test 5.50-6.00 area?
some images of gulf of mexico pipelines
( note some of these are older images )
www.theoildrum.com/files/ofcl_18z_31aug.jpg
www.gulfsouthpl.com/uploadedImages/Shared_Assets/Maps/JPEG/Map JPEG - Gulf South and Texas Gas.gif
www.cruisebruise.com/gulf_of_mexico_oil_platorms.jpg
( note some of these are older images )
www.theoildrum.com/files/ofcl_18z_31aug.jpg
www.gulfsouthpl.com/uploadedImages/Shared_Assets/Maps/JPEG/Map JPEG - Gulf South and Texas Gas.gif
www.cruisebruise.com/gulf_of_mexico_oil_platorms.jpg
In the words of Tom Hanks in BIG, "I don't get it"
I can understand natural gas being down, buy the rumor sell the news. I can understand crude being up, the storm still has some unknowns. Why the split though? Is the hurricane going to miss the natural gas pipelines but hit the oil rigs?
I can understand natural gas being down, buy the rumor sell the news. I can understand crude being up, the storm still has some unknowns. Why the split though? Is the hurricane going to miss the natural gas pipelines but hit the oil rigs?
Quote from SideShowBob:
In the words of Tom Hanks in BIG, "I don't get it"
I can understand natural gas being down, buy the rumor sell the news. I can understand crude being up, the storm still has some unknowns. Why the split though? Is the hurricane going to miss the natural gas pipelines but hit the oil rigs?
My only conclusion is that oil mkt is not in as obvious current oversupply, and that most of oil being shut in (around 1mbd) versus a smaller fraction of nat gas shut in (37% of supply of 16% total nat gas market) in presently bearish fundamentals is making the shorts continue their ways.
LOOP in the path i guess is a big deal, as a huge amount of oil can not get shipped in...
http://www.theoildrum.com/node/4472
Flip a coin and cover your eyes ... I never get it...
I still stand by my good old disappointer, natty.
Quote from SideShowBob:
In the words of Tom Hanks in BIG, "I don't get it"
I can understand natural gas being down, buy the rumor sell the news. I can understand crude being up, the storm still has some unknowns. Why the split though? Is the hurricane going to miss the natural gas pipelines but hit the oil rigs?
Crude and Natty fundamentals are vastly different and do NOT move in tandem.
NG is historically underpriced relative to crude on a BTU basis. It's unprecedented., as far as my data can tell.
But it IS that wide, so lets think about this.
Look how far markets can go out of whack when a fund manager loses control. With all the NG to trade in the world, there is another guy RIGHT NOW who is caught so fucking long that he is being torched to oblivion. Don't know who, but it's happening.
And just to correct -
Natty wasn't a 'buy the rumour sell the news..'
Natty was a sell the rumour and sell the fact.
With a cat 5 potential storm
heading right into Henry Hub
If that's not a sign of weakness,
like Begbie says
"I don't know who esssssss"
I have no idea how much further it could fall...back to major support. But we should be closer to $20 than $8 based on simple historical norms...maybe crude will go back to 70-80...