GAS GOING BACK TO $4 IN THE NEXT 2 WEEKS
Billy just going on what i think this has been going on for the last 5 years and after last winter the move to gas is big.
All that fuel switching oil to gas that took place over the last 8 months. One thing is for sure when we get that first cold week the draw will be more that last year everything being equal. Also the longer gas prices stay low it will be the fuel to run the power plants.this is setting up for a big spike over the next 6 months.by the way just bought swn one of the best.
Starts getting cold next week the storage#s weak side = big up move at anytime
But this is just the start $60 bucks in 2 year could be sooner if winter a cold , lng,new power plants coming on line bought chk 13 years ago never sold buy more every 3 months cover or die you shorts.
Have bought chk about 13 years ago and never sold missed the high in 2008 and should have sold but at the end of the day if not bought out it will test that high.
Alot better places to play you had your day in the sun now it's our turn . Over the next few years just with all the new nat gas power plant buying gas at $6 -$7 buck is still cheap. If buy out @$45 now or $60 2 years out your done.
Summer is over and below avg temps in high use north east and mid west.when the heat comes on ung & ugaz will get hot. Sometime this winter both will hit or come near their 52week highs.
You might be right the big boys have a list for times like this. This is one of many that can be bought on the cheap.
Every gas power plant is running they buy very cheap gas over the weekend.this will show less of a build in storage. Also the recovery in storage in the west is not like the east.gas will take off by mid nov.