Wt Nat Gas 2x Discussion Threads

[bottompicker] 10/9/2009 15:16

US reserve estimate increase was smaller than expected? Check forex factory for the precise numbers.

[stewart3269] 10/9/2009 14:44

Why has this just turned upwards ?

TIA.

[bottompicker] 10/9/2009 13:49

2 steps down, 1 step up

[gdasinv2] 07/9/2009 10:54

See Why LNGA would go up from now....speculation started up...

[dealy] 07/9/2009 09:16

gd

It's fx neutral because the price is in USD.

[gdasinv2] 07/9/2009 08:46

Yes, I did , may be because of Fx rate - But surely it should adjusted as the day goes on. Lot of BUY interest from the last cheap and bottomed price, surely 10 baggers in 4-6 month

[dealy] 07/9/2009 08:17

Don't know why this isn't much higher today given that nat gas jumped 15% from its low on Friday. That should have pushed this ETF up 30% from its $1.10 low or up to about $1.40 instead of the current $1.25.

Anybody else notice this?

[gdasinv2] 07/9/2009 07:42

Chart is upward now...seems bottom is over
slowly should tickle up

[rhubarbe] 06/9/2009 18:54

Is there contango on NG, market like in oil? This will never go back up if there is.

[nabcom] 06/9/2009 18:51

Canadian Natural Gas Markets: Beginning of the End of the
Price Meltdown - Supply Capitulation

It's here and it will start to make a difference. Large scale
shut-ins of natural gas production in Western Canada are
underway, marking the first deliberate price-driven shutins
of Canadian gas production since the early 1990s.

Where Will It End? Determining the exact point at
which the price plunge and shut-ins will end is difficult to
say. We expect that the drop in prices that has been
underway in the past two weeks will moderate and stop
shortly. It is unlikely to go much higher after the price fall
has been arrested, but will mark the point at which the
market will be relatively balanced



(link posted by m3ggiesdad on iii LNGA thread)

[gdasinv2] 06/9/2009 08:15

The real issue is here - When storage is peak and no heating on at home - Thats why FALL - now once the heating is on around mid Sept or may be coming week - The gas will start flow out and thus share price will rise from there...fast.

[shavian] 06/9/2009 07:24

old article (19 July) but still relevant imho



The rapid fall in the US rig count (already happening six weeks ago) bears out what Chestnut's friend reported.

Talking of chestnuts, the old saying that the markets can stay adverse longer than you can stay solvent certainly seems to have applied to some folks on this thread! Better times ahead, but I'm waiting for a trend change before buying this one, while drip feeding a little into NGAS

[chestnuts] 05/9/2009 10:42

Morning all

I have a friend who works on gas storage and the gas rigs and a lot of our rigs have been out of action for a couple of months while they service them, also thier is also a problem every year with storage around August, nobody wants it the dam stuff, but come the 2nd week in Sept they will start pumping as the heating is turned on and as the shorters close their positions the price will climb back up this happens most yrs but this yr the shorters have played on weak minds and the analysts have played their part, remember when Oil was up at $147 and their was talk of shortages they never happend , it seems goldman sachs have done it again, the big boys just manipulate the market to suit them, Its a very good time to BUY.

[jb1970] 04/9/2009 14:42

redprince
I appreciate your posts, there are some people here that get it, some don't.
LEVERAGED....

[redprince] 04/9/2009 14:35

Be advised that though you buy at "bottom" if it stays level for some months you WILL lose money.If it falls at all you will lose more.You need to be sure
that the rise in market price you are hoping for more than offsets the downside from holding and monies lost each time they renew the futures contract.If it stays level for some months how much have you lost?

Not as simple as gdasinv2 is making this out to be.

[gdasinv2] 04/9/2009 13:20

Well , If you have bought when it was 3$ or 4$ and then to recover the loss buy at $1 again to avg the cost - Now if you see the it has been recovered from 12% down to 6% now - Seems like struggling at the lowest/bottom price - Intersting to see next week.

[katsy] 04/9/2009 13:06

Mart funny you say that, when was the last time you saw all those old gas storage tanks ever full.

[gdasinv2] 04/9/2009 13:05

Wait to until $1 and then BUY at 50p

[ferrism] 04/9/2009 12:34

Agreed Mart. I seem to remember plans to use the old salt mines in Cheshire. I think the plans were rejected by the government. What bothers me is if storage capacity runs out completely. Then, for the second time in history, gas producers will have to pay users to take the gas away!
On a more positive note I did see two buys on NGAS for half a million each at 12:46 and 12:54. Not massive but it's something!

[mart] 04/9/2009 12:16

Isn't it a pity we don't have much more storage capacity in the UK.

[perfect choice] 04/9/2009 12:03

The issue which worries me here though is the lack of storage capacity. If that runs out then producers will have to stop generating gas or be forced to sell on the market at reduced prices. Ultimately lower production will help the ETF price but it will have to go through a period of pain in lower price first as market forces work through to force lower production.

[katsy] 04/9/2009 11:47

No doubt the utility prices will go up again though.