currently, companies are hedged between $4 and $6.50 but when these hedges expire there will be a lot of layoffs and bankruptcies. CHK is trading above $19 now, but I think it will be in single digits in one to three months. imo, every NG producer should be shorted.
boy, there will be a lot of companies going under. I hate to say this, but the sooner we drop below $2 the better. Raise cash and be ready to buy. Don't touch it now...
I'm convinced that the price of NG fell in sympathy to the price of oil which makes no sense at all since a collapsed oil industry lowers the NG production.
but, for now, the shorts are in total control
and the reserves are still down 5% below average in spite of the two EIA drawdown lies: -22 during the Thanksgiving week and -26 during the Christmas week.
currently, the "experts" would like to make you believe that they will pump as much gas this summer at $2.8 as they did last summer. personally, I'm buying at this level to see if the "experts" are correct.
less than 20% of the total NG production comes from Marcellus. every producer outside of Marcellus is losing money and not everybody operating is Marcellus is making money at this level.
we are getting the opportunity to accumulate at this level and eventually the hedges will expire...
and that after a huge blizzard. But for now, the CME sharks are on the beach.
The lower you can buy it, the better you'll do...
he,he,he nothing is good enough for the Wall Street Criminals....until everything is, of course....patience
and some are calling for $2.5...one can only hope.
Raise money and accumulate.
how absurd is that? only some wells in Marcellus are making money at this level and Marcellus only accounts less than 20% of the total NG produced.
Let them bring NG down even more, all you got to do is dollar cost average. This is a marathon, not a sprint
now January 26 and NG at $2.85. it could take one week or 5 years, but eventually anyone that is buying at this level will make money
remember, DGAZ tripled in just two months
the criminals are making money shorting the Oil and destroying Putin at the same time. rather clever if you ask me...
and the oil will go down to $30 in order to destroy Putin for supporting Iran
the same criminals that gave you Weapons of Mass Destruction in Iraq now are focusing on Iran.
and thousands of Americans losing their jobs because the oil is now at $45. but why would that be a problem? they've already shipped our manufacturing to China and outsourced our jobs to India. few more lost jobs is not going to make that much of a difference
why? are the criminals running out of paper money to short? we need to find out who are the criminals behind "the Fed" and take them out to the woodshed
in a democracy I think this is something unheard of. these criminals must be destroyed. period. we need to round them up, find out who are they working for, and jail them immediately. this is no longer acceptable.
pumped up with fabricated paper money. these criminals think they can keep printing money out of thin air and get away with it. the only reason Bernanke got away with it is because it was something new. the latest Draghi scheme will blow up in his face...just give it time
NG could trade above $4 faster than you can think. down 2% right now in spite of a huge snow storm on the east cost where NG is used the most? sure, why not?
just accumulate and have patience and remember the one week in November when NG popped 30%
the tide will turn
hate to tell you this, but both the Democrats and the Republicans are nothing but puppets. This country and the world is led by a handful of super rich families like the Rothschilds, Rockefellers, Morgans, etc. Their goal is for everyone to be in debt to them. That way they control us and we are basically modern day slaves with two car garages, multiple led TVs, and closets full of cheap Chinese #$%$.
in order to restore some sort of order, we must destroy "the fed" and both political parties. This country is split 50-50 for a reason. As long as we fight against each other, the criminals are winning.
stop bringing into the conversation Obama or Bush or Clinton, and concentrate on the big picture and what we need to do to destroy these criminals
printing money out of thin air is just criminal...Yellen, Draghi, Abe, Ben, Greenspam, should all be jailed immediately and the bigger criminals that made them do it and benefited from it should be jailed immediately too.