How low can NG go before producers can not make profit?

[heispark]

It can stay under $2 for an extended period of time just we saw two years ago. Some producers go out of business, some still make small amount of money,.... There is no effective longer term investment vehicles in terms of nat gas because of roll-over cost.

 

[easymon1]

 

[murray t turtle]

I read some article from 2019 that says that avg price of gas should be around $2.5 if the producers wanna make any profit, depending on the type of gas they are working with .

There is also a lot of talk about the fact that weather is much warmer then they expected but I looked at the last 25 years and the price of NG in june was 17 times higher then it was in MARCH.
Every analysts says that supplies are increasing , demand is decreasing because of warm weather but at some point they are just gonna stop producing NG to bring the price up no?

I don't know much about NG trading but current price seems rather attractive, even thou based on TA the chart looks really bad. I bought and sold BOIL 1 month ago but I would like to get back in the trade, but I am still waiting .

https://www.enerdynamics.com/Energy-Insider_Blog/Are-Natural-Gas-Prices-Below-3-Sustainable.aspx

%%
I did pretty good with Hurricane Hydrocarbons+ DVN,MPC, but MPC they process TX Tea,black gold, nat gas liquids.
BOIL has been downtrending since inception $34,000
C KASE with her hi probability energy service said something about commercial energy trading using a 2 hour chart. Sounds good, but BOIL , OILD, XLE chart is such a mess; an occasional daytrade may help .
Dont worry aboUt low gas prices since the nat gas companies have gotten much better @ drilling+ grabbed some coal's market share.
Glad to be a coal miners daughter\
lived in a cabin in Butcher holler\
with a mail order catalog\
money made /from sellin' a hog[aka= hawg]L Lynn/ fossil fuels song/ >14,o777,888 video views

 

[john7722]

so if BOIL or UNG are not good way to play long term NG is there a company or ETF that correlates closely with NG price?

 

[SunTrader]

so if BOIL or UNG are not good way to play long term NG is there a company or ETF that correlates closely with NG price?

Might check out NVGS. Don't trade stocks, haven't an opinion. It was in an daily markets email I get.

 

[heispark]

so if BOIL or UNG are not good way to play long term NG is there a company or ETF that correlates closely with NG price?

Perhaps you can invest to nat gas related companies like Warren Buffett did years ago when nat gas futures price was about $1.60. ETF is not for long term investment because of time decay.

 

[SunTrader]

(Oilprice.com) today:-

Fed Drilling Survey Shows Drastic Drop. The US oil and gas activity survey published by the Federal Reserve Bank of Dallas indicates that activity stalled in Q1, with the index plummeting from 30.3 in the fourth quarter of 2022 to 2.1 currently amidst rising field costs, higher interest, and plunging gas prices.

 

[Overnight]

...and plunging gas prices.

Do they mean gasoline prices? Do these people even fucking drive cars? Our local gas prices have dropped to $3.29 reg unleaded and have been stuck there for a month.

 

[SunTrader]

Do they mean gasoline prices? .

No.

Gas, nat gas, as in the topic title.

Article is about drilling. Gasoline doesn't come out of a well obviously.

 

[john7722]

(Oilprice.com) today:-

Fed Drilling Survey Shows Drastic Drop. The US oil and gas activity survey published by the Federal Reserve Bank of Dallas indicates that activity stalled in Q1, with the index plummeting from 30.3 in the fourth quarter of 2022 to 2.1 currently amidst rising field costs, higher interest, and plunging gas prices.

So that could also mean that NG supplies gonna drop due to decreased supplies and NG price could go up . I made few bucks friday trading UNG, I closed 50% of the position . Will see monday if it it continues or goes to shit.