Driving to work today it was 15 out much colder then what the weather called for .the draw of 285 is just the start of a big problem come next fall much lower storage numbers looking for $6 next fall. But did sell some ugaz and will sell more $26.5 looking for a pull back at some point.chk looks like getting ready to enter the mid $30 range in jan this going to $70 over the next 2 years.
They will see that all that oil to gas heating ,coal and oil to gas for power plants all new construction that can use gas for heating is drawing alot more then years past. at that point we will know it's not apples to apples any more and if stay cold the draws will be huge.the storage supplys at the end of the heating season will be way below the 5 year avg.
Your clueless go read what the ceo's of nat gas companies see where prices are going they make the game they don't play it .
Good advice eskimo let me add this i have held chk for over 10 years now i think it will break its all time highs 2-3 years out . But ung boil ugaz gos as the price gos this really is not for investing its for trading . For investing of nat gas chk ego upl swn axas fits the bill.
You don't have to be on the insider to understand $30 is on the way just go outside it is bone chilling heat gos off and right back on.
The bells and whistles will go off this is not 2011 and 2012 the facts are we are not even in winter and demand is through the roof. Dec 21 starts winter and the call is for a cold end to dec and start to jan . When looking at just the facts much higher prices coming in jan and feb.
I think you should take 100 k and buy come back in april and give us results .the good part is $3000 write off at years end and you will have several years worth of write offs.
The warm up is now priced in i think the real big mover now is @ 10:30 thursday and its going the mother of all draws . After the little warm up back to cold with xmas eve snow storm possible bought @ the close will buy on every $1 down move the next cycle will move up fast this won't last long.
I think you may have got the low for the cycle looking to add some think $30 is in the cards early jan very cold in allentown pa today ugi added 10000 in last 5 years if the rest of the country did the same big draws . Now with snow on the ground in n.e. Just adds to the coldtemps.
The game is rigged all the money gos to the top if you think things are bad now wait till qe ends.all roads will go to gold when the shtf
The draw going to be 240-250. This draw the whole country was engulfed in cold looking #$%$ by frist week of jan.