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Chesapeake Energy Corporation Message Board

  • trycure2 trycure2 Apr 3, 2009 12:45 PM Flag

    8 reasons why NG is going up!

    1. NG has hit bottom and has nowhere to go but up
    short traders running out of steam

    2. inventories are within the 5-year max/min supply channel but unlike last year we have a lot more shut-in NG and far less drilling activity

    3. summers are getting hotter and more homes need to be cooled in the USA

    4. Hurricane season could provide another spike as weather becomes more violent

    5. Obama will encourage more NG vehicle use

    6. more dirty coal fired plants converting to NG

    7. Russia wants to form an NG OPEC in order to keep NG prices firm

    8. NG is environmentally good for the planet no nuke waste

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