Wrong the report is a week behind. All this cold weather we have been seeing since last weekend to present will be on the next report. NG way over sold even before report. Selling is foolish.
I just bought more... US expanding at a rapid rate, no opec, NG producers can manage themselves..
BUt you know what, my gas bill has gone down some, but I would of expected a bigger slice out of my heating bill.
Last weeks sell off reversed, almost closed up green the same day. Next day pushed north. Same will happen again. It will reverse & head north. This was not that bearish at all. Give me a break, we were at $6 last year at this time, do the math, sub $3 NG is not right. But that said I do enjoy my heating bills this year compare to last year. Just keep accumulating just like oil, this will not stay this cheap for long.
going green. the draws will keep coming. & with summer arriving, they are already talking of way above average temps through out US.. sub $3 NG will not last..
If you knew what the heck you were talking about maybe you would not sound so dumb.. At 5 to 20 below, our furnaces never stop running. at 20 degrees and higher the furnace hardly runs. You do the math. Oh, by the way, what is NG at this morning???
Live in wisconsin where it has been blanking cold.. starting tomorrow till next Thursday in the 30's.. I do not know where this below average #$%$ being said.
This was a short covering rally today. Tomorrows numbers are baked in already. You will get a pull back tomorrow for sure. This is how it is played. Lets hope for the return of winter in the next weeks to come.
Alcoa is doing the exact same thing micron did to to increase there market share. The same idiots that are bashing Alcoa are just like the fools that bashed micron. after all there acquisitions look at them now. From $6 to almost $40 in a very short period.
Alcoa is doing the same. I would not be surprised to see them at a $30-33 by years end.
I just added huge to my position today. When others fear, buying is the only thing to do. Especially fear with no merit. You guys blaming crude's slide for this. Are you kidding me, cheap crude is a win win for Alcoa.
Good luck longs.
Sentiment: Strong Buy
unlike crude, NG is way oversold. There is no outside interests (countries) that can influence the supply side equation. That said, you are correct. we are going to start seeing large withdrawals from this point as long as winter stays. US companies are going to keep lowering rig count till they get it back to close to the 4 dollar level. People do not realize it but this is the time to get into not only NG but other commodities & stocks as 2015 will be a banner year. I cannot pick a bottom, but NG sub $3 is a steal.