With the NG report, by the EIA on Thursday for week end 3/8, NG inventories will be near a two year low. Whether or not that has any psychological impact on prices-we will just have to live into the answer. But the bias should be upward. Also, spotted some insider buying on APA-in addition to ECA ans UPL in recent days.
Also read that XOM will reduce production of NG by 5% this year. So just about all producers, accept those that are mostly Marcellas Shale plays, are cutting production this year. The Marcellas plays have been the best stocks to own, but are two expensive, on a PSR basis, for my tastes.
Bottom line, pullbacks should be bought-especially if NG gets back in the $3.30s.