Any more predictions from the board on NG pricing going forward?
We have another major storm heading now, according to some trackers, for the Galveston area.
What do you say we multiply those predictions of NG futures pricing of $6.00 we saw a few months ago, by a factor of 3X?
When you go into detailed analysis of the factors that might impact energy prices, and you leave out the remaining one-half of the hurricane season, when Dr. Grey of Colorado State has been saying loud and clear for years, that the frequency, duration and power of GOM storms were increasing significantly, how do you come up with a model that has credibility?
I surely hope some NG producers didn't over-hedge thier production going into this storm season, or the next. They will be left holding the bag.
Meanwhile unhedged, non-GOM NG producers are cleaning up.
Still a peak for NG coming? For the sake of US consumers, I actually hope it's true, but as an investor, I'm betting it's not here yet.
James |
