Thu, Aug 21, 2014, 1:04 AM EDT - U.S. Markets open in 8 hrs 26 mins

Recent

% | $
Quotes you view appear here for quick access.

United States Natural Gas Message Board

  • ahande ahande May 18, 2013 12:12 PM Flag

    As per Powerburn, we were supposed to have three 100+ injections by now

    Instead we got 43, 88 and 99. Ok 99 was close!

    W were supposed to have another 5 weeks of 100+ injections. Now he has it at 94, 100, 106, 99 and 91. I wouldn't be surprised if we don't get even one week of 100+ injection in the shoulder season.

    Don't get me wrong. I think it is an excellent site. However, I have followed it for only 8 weeks or so and have found his estimates way too high for 3-4 weeks out and then he brings it down.

    Maybe he likes to overestimate these injections to support his short in DGAZ knowing that his estimates are followed closely. Hence I believe that there may be a bit of a bias in his estimates.

    UNG is a strong sell even if Nat Gas were to go up. I am way way long UPL.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • As expected, another injection (89) well below 100. Now Powerburn is projecting injections under 100 for the next 5 weeks. So, that will make it 9 weeks that Powerburn at some point or the other, projected injections to be well above 100 but they have fallen well short or will fall well short. His bias is now there for every one to see. Using excuses like it was colder than normal or hotter than normal won't cut it.

      Sentiment: Strong Sell

    • "Maybe he likes to overestimate these injections to support his short in DGAZ knowing that his estimates are followed closely. Hence I believe that there may be a bit of a bias in his estimates."

      I have seen this also - it is soo obvious. He always has much more bearish forecast for the 2-5 weeks out, then brings them back in to make it look like his NG pricing is working, and his final prior week is closer.....

    • Powerburn became a writer for Seeking Alpha as just about anyone can, just join Seeking Alpha and give it a try, you even get paid for your articals, that's why I don't trust Seeking Alpha, here is one of Powerburns story on Seeking Alpha, http://seekingalpha.com/article/1173561-natural-gas-storage-projections-through-march-8-discussion-and-price-analysis

 
UNG
21.07-0.24(-1.13%)Aug 20 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.