Is this the same brand of "analysis" that got you smoked in those nat gas trades?
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No way are stocks selling off in Sept
- Thread starter DeepFried
- Start date
Is this the same brand of "analysis" that got you smoked in those nat gas trades?
Quote from der_kommissar:
Is this the same brand of "analysis" that got you smoked in those nat gas trades?
smoked? looks like the near-month contracts haven't dipped to take the place of the sept ones.....
i don't think there will be a tremendous spike in ng, but the price will rise. we only have about a week of supply storage(sans production). I am still bullish on ng.
and thanks, i have yet to be "smoked" on those plays. get at me in jan and we will see if i am "smoked".
Nat gas is going nowhere BUT down, unless we have the harshest winter in 20 years.
Quote from ByLoSellHi:
Are you basically making a calendar play on ng, karl?
I'm looking at ng suppliers, and it is just brutal.
What do you think can turn that around - won't it take extreme weather?
yes - it will take some moderately extreme weather. I say moderately becuase ng companies are starting to pull production out of the market. I see this as a setup for excessive drawdowns in the ng space 60% of the way[end of feb] into the winter.
Quote from krazykarl:
yes - it will take some moderately extreme weather. I say moderately becuase ng companies are starting to pull production out of the market. I see this as a setup for excessive drawdowns in the ng space 60% of the way[end of feb] into the winter.
The one thing you having going for you on the trade is lack of storage.
With ng stocks where there at, though, I still think it will take a very cold November/December to wring out the inventory levels.