there is any way to make trade without wash sale problem,any broker ?
please supply gas from your #$%$ than i hope NG price will be down from here ...
they push price up with warm weather
it will go up? NG or DGAS ?
55.6 F right now no need Natural Gas
vortex in price already NG too high and,warm last 5 days,no demand,storage is full at this point . NG will drop to 5.50 ?. ..
spring in usa... there is no demand for NG just vortex speculation ....
Natural gas futures set a new five-year high this week, but judging from energy company hedging strategies, it’s not likely to last.
Bill Herbert, managing director with energy investment bank Simmons & Co. International, says last fall small and mid-sized companies pumping natural gas out of the ground had 35% of their 2014 output hedged at a price of around $4.11 per million British thermal units. Today, roughly half of them have hedged at $4.22 for this year.
The switch indicates that despite natural gas futures reaching $6.149 on Wednesday, companies are still betting prices will quickly fall back to earth when warm weather returns.
Morgan StanleyMS +0.99% analysts concurred on Thursday, saying the market would do well to remember what happened last year when a late-winter cold snap boosted the price of gas more than 35% to $4.40. Prognosticators quickly predicted gas would soon top $5, but that didn’t happen. In fact, by last summer the gas price had slumped back to $3.30. That’s in part because a lot of demand comes from power plant operators that can switch between burning gas or coal. As soon as gas prices spike too sharply, power sector demand for it evaporates.
“Given that nothing has changed structurally in the gas market a similar situation could play out again in 2014,” Morgan Stanley said in a note to clients on Thursday.
The bank expects warmer weather in the coming weeks will drag the gas price back down. But even if it dips as low as $4.35, many power plant operators would still be convinced to buy coal instead, further keeping natural gas prices in check, Morgan Stanley said.
That level would still provide plenty of incentive to keep drilling new wells, too.
Cabot Oil & Gas Co.COG -8.17%, the second largest natural gas producer in Pennsylvania’s Marcellus Shale, is relentlessly cutting its drilling costs, slashing them another 10% per well in 2013. Some cost savings came from running the company’s trucks on lower-cost natural gas rather than
i hope monday morning open NG price lower
warm weekend weather will hit NG down