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National Fuel Gas Company Message Board

  • cadwaliter cadwaliter Aug 6, 2012 11:42 AM Flag

    what up

    i see nfg is having a big day even though others like cog and oil index-xle, are not doing much. any ideas

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    • BYE OUT .

    • There really isn't a lot of volume. We are half way thru the day and about half of avg daily volume.

      A number of NG producers bottomed in June as dry gas prices firmed and the rig count in dry gas areas fell substantially. Since the early June low we are seeing higher highs and higher lows. In the last couple of days we also broke thru the 200 day moving average. Went thru the 50 day in late June. Looks like a technical thing based on investors thinking that dry gas prices have botomed and on the rise.

      Looking at the daily chart it looks like NFG got up to 50.70 on small trades. A few spikes in volume from just before 11AM to just after 11:30AM. but they did not effect the price much. Did someone walk up price on a bunch of small trades?

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