The NG storage is tracking to the 5 year average. Production is well up from last year and a little higher than the average. When NG storage drops prices will rise. Usage will be higher than normal in the next report on Friday which lags 7 days. Production is a bit of an unknown though.
I did sell. If it goes higher tomorrow I congratulate those who held, but I feel better on the sideline going into earnings. If it pulls back near 2 I'll most likely be a buyer again however. Best wishes and God bless!
Did you sell and move on?
They will probably meet the 28 cent a share loss. Unusual items will be another story....unrealized gain on natural gas hedging, charge for full cost testing, president severance package, etc. There could be charges for contract cancellations also.
Tomorrow will be here soon enough.
These were down in the 30's a month ago. They have good acreage and a nice mix of Natural Gas and Liquids to ride this out.
Sentiment: Strong Buy
what will the number be ? ..... 14 million ? 20 million, 50 million ? 5 million ? ........ and earning on the 26th ... this could easily be $ 2 on friday
Global warming is the suns impact on the earth through the depleted ozone layer. It has nothing to do with record lows at night.
Global warming,, its actually a hilareous thought. Record lows in 19 States this year..Record lows..that's rare rare rare...Nat Gas draw down is larger than expected Lombard by a lot..so patience patience patience. By the way the debt looks better than the common to me, but I have said that for 6 months. 41% yields on SFY debt
Nobody even comes close, these guys have dominated the year thus far with some of the most impressive wins the markets have seen.
and NG is going down ....... NYC area sub zero tonite and NG going down ....... if there really was global warming and it was going to be 55 in NYC tomorrow where would NG be ? 1.50 ? less ? ........ its amazing really ...... we got the super cold winter we wanted and NG falling thru the floor
This is the best newsletter I have seen, I have tried the other guy and they just don't seem to perform like Explosive does.
Almost identical to the 2008/2009 movement.
2008/2009 - 40 Weeks Peak to Bottom. 2031 to 876 a 57% decline an at week 22 it was down 632 or 31%.
2014/2015 - At week 22 we are down 621 going from 1931 to 1310, a decline of 32%.
*Funny thing is the oil/gas bears sold Friday's numbers as a decline in the acceleration of the rig reductions because it was 48 versus the prior three weeks of 90, 87, and 98.
*Back in 2008/2009 week 15 to week 25 reductions were 43, 98, 34, 21, 53, 43, 73, 60, 39, 57, 73.
Sentiment: Strong Buy