Wt Nat Gas 2x Discussion Threads

[wig123] 07/5/2010 12:30

07/05 13:23 - UK Prompt Natural Gas Prices Up; Linepack Around 13 MCM Short

LONDON (Dow Jones)--Prompt U.K. natural gas prices soared Friday, lifted by persistent strong demand in the U.K system on an outlook for prolonged cold weather and continued volatile pipeline supplies from Norway.

Traders pegged values for prompt U.K. natural gas within-day at 43 pence a therm at 1215 GMT, from closer to 35p/therm at the start of the week.

Within-day contracts are trading at 42.70p/therm.

Linepack, or volume of gas in the system, is predicted to close at 318.9 million cubic meters after opening at 333.2 mcm, according to National Grid data.

Flows through the Langeled pipeline from Norwegian North Sea fields to the U.K. have been extremely volatile this week. Flows are currently running at just over 38 mcm, down from around 60 mcm earlier in the day.

Also adding pressure to the system is strong demand from the continent, in particular from Germany, which is lending support to U.K prices.


-By Angela Henshall, Dow Jones Newswires; [phone]; [e-mail]


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.


(END) Dow Jones Newswires

May 07, 2010 08:23 ET (12:23 GMT)

[contrarian2investor] 07/5/2010 12:14

wig123,

I added to my NGAS holdings this am. I have not added to my spreadbet yet. I won't be doing so until it stabilises and I have got a clear profit.

c2i

[wig123] 05/5/2010 19:42

thnxs and you to

[contrarian2investor] 05/5/2010 13:23

wig123,

The best of fortune to you.

c2i

[wig123] 05/5/2010 12:51

I only invest in stocks that give me stress lol! knew I was going wrong somewhere ;-), in fact I look on lnga as a gamble and if I get that out of my system here, I have clearer vision and focus elswhere. ! I have 6 reds and one blue, the only blue being lnga today ;-) at the moment anyway!

[contrarian2investor] 05/5/2010 12:47

wig123,

You should never invest in anything that causes you such stress. Have a think about it. NGAS is the most volatile commodity I have ever traded.

c2i

[wig123] 05/5/2010 12:42

bloody giving me palpatations is this one ;-)

[wig123] 04/5/2010 15:40

yes took it from $29.06 I think down to $28 , then it bounced, however over time it stil could go to $25 or lower. I will have another nosey and maybe another shot. With the co.selling down all their stock it had to give sooner or later.


as for here we held up well, roll on tommorrow ;-)

[contrarian2investor] 04/5/2010 15:37

wig123,

O/T

CCL, that is pretty awesome timing well done.

c2i

[contrarian2investor] 04/5/2010 15:13

wig123,

I opened my June long position with a view to rolling it over to September. So I am prepared for a rough ride until reality sinks in. Hopefully by then we will have $4 as support rather than resistance.

O/T

Nice to see CCL falling, I joined you this morning with a short when share price hit £28.50p

c2i

[wig123] 04/5/2010 14:34

stil hanging on by me short n curlies C2 ;-)

[contrarian2investor] 04/5/2010 13:40

Well we just got slammed at the open. OUCH!!

c2i

[contrarian2investor] 04/5/2010 13:17

wig123 et al,

Here is another article for the Gas bulls.

Huge Bets Against Natural Gas... Me? I'm Buying!
Commodities / Natural Gas
Apr 29, 2010 - 03:16 PM



c2i

[wig123] 04/5/2010 06:52

Come on Baby!!!!!!!!!!!!!!!!!!!!!!



cheers for link C2 very interesting ;-)

[contrarian2investor] 03/5/2010 21:16

wig123,

Natural Gas is currently the most volatile of all the commodities that I am trading. The Yanks just appear to have no long-term view on the price. Yet mega-cap gas companies are investing across the globe on the future upward price of the commodity. It's a pity I can't buy 2020 Call options on Natural Gas otherwise I would be "all-in".

c2i

EDIT:

Here is another good source of news on Natural gas etc.

[wig123] 03/5/2010 21:00

hi C2, i did see your post, the Natural Gas price is up today to $4??? or so my bloomberg on iphone says! now at 4.01 + 2.19%, please dont tell me I have been watching the wrong flippin prices lol!

Shame I am away from the screen most of tommorrow, so just hoping the order gets filled. Bloody gambling, I should know better by now ;-)

[contrarian2investor] 03/5/2010 20:02

Hi wig123,

I am also hoping that we see a retracement in Natural Gas from $3.80 and back above $4.00. Which would mean that your LNGA target would be much nearer.

I posted this earlier on the GAS thread. All the best with your positions.
---------


contrarian2investor - 3 May'10 - 14:44 - 808 of 808 edit


Hi all,

Given the fact I can not trade my NGAS etf today. I chose to open a long JUNE spreadbet on Natural Gas @3.911. dyor

c2i

[wig123] 03/5/2010 19:39

well fingers n toes crossed for the bounce tommorrow, forever on the back hoof here! friend and trend, friend and trend.....................one day I will learn ;-)

[wig123] 30/4/2010 08:59

Sweating here! $1200 a cent, in the money so far but fancy .78 target
;-)


should see shorts booking month end profits soon enough.

[wig123] 29/4/2010 15:08

absolute madness, month end so really smashing it today .

[wig123] 29/4/2010 14:55

C2, August 08 I had 30ton of copper off a demolition job, just as the price started heading south ;-) along with a fair few ton of light and heavy iron ;-)