still the dog of the NG group. Just look at today. All NG plays are running 2%+ today except you know who. Can't hold anything because at every corner are shorts pouncing on it. Why? Because this company doesn't have the respective numbers to attract any buyers. Same old story here until they sell this outfit.
Stations being built as I type sire mainly at the greatest state in the USA, CA. TM w/o a doubt ahead of the learning curve here.
An unprecedented Arctic blast for this time of year and NG prices are rising yet old faithful, XCO, doing what it does best. Down over 6% today. All the while Horwitz is calling for a quick NG pop to $4.60.
The stock market and commodity markets trade on whim's now in virtual milliseconds. Somebody farts in Africa and we're all going to die as a result. Ditto with NG plays who are being manipulated and traded like never before. XCO is one of the dogs in the NG sector. Last to rise and first to fall.
But the whole energy sector is getting eviscerated once again today. I own a few refineries and what has happened to them lately is about as bad as is XCO's performance.
Anyone have any insight as to how LUV is playing this fuel sell-off? Are they hedging via the futures markets locking in future prices or are they sitting awaiting more carnage in the energy sector?
Everything is rosy for the airlines right now except for this cold blast which may disrupt some flights this week. Higher passenger traffic and amazing low fuel pricing is just what the Dr ordered.
I would like to know how the fuel masterminds at UAL are playing this oil sell off? Hedging now with futures to lock in these fuel rates or waiting for more turmoil to play out?