jc, this is an awesome post and I like your use of the facts. All things being equal I'd agree. However, one curve ball is the infrastructure. No question we have the gas but it looks like the current plumbing system is gonna be a constraint. Theres a lot of new pipe to fill and thats one reason the EIA has changed the format for their reports so traders can digest working and base gas.
yes but when. I posted last night that I think shorts will suffer til at least Easter. to me it doesnt look like she is in a hurry for a big move down.
tried dgaz scalps to make the shorts happy for pennies. So went 0-2 on dgaz today. On ugaz I got 1.8% on one trade and 2% gain on another this morning. Not too good for playing with 5000 share trades.
nah....4-6 more weeks of short frustration. I have dgaz and ugaz so I'll suffer too.
I got a couple of small scalps in today on both dgaz and ugaz. total profit was about 600 bucks. Looks to me like game for the next 30minutes is about the 25.50 calls on UNG.
2 Q's whens the last time you visited drilling sites in the marcellus and have you read Bill Powers "cold hungry and in the dark". I just ordered it but I do get to marcellus often and I'm trying to answer the production Q for myself. Banksters are offering major cash for untapped gas in the ground. Again I know this as I'm a small time partner in a gas field LLC in PA.