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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: bull_dozer who wrote (76066)1/24/2023 8:47:52 PM
From: Lee Lichterman III2 Recommendations

Recommended By
ajtj99
bull_dozer

   of 97189
 
I don't trade NG anymore so I haven't put any effort into it. In my view, NG is easy to get, especially as a byproduct of extracting oil. Millions of BTUs are simply flared off. A simple exercise might be to take the historical average price, $2.50-$3.00? and then correct for the devalued dollar.
The old school way used to be to ratio the BTUs of oil, NG and coal. They used to even out long term but now the power companies can't switch fuels as easy as before so don't know if it still works.
Regardless, NG will eventually get a dead cat bounce just like the crap stocks are getting right now and did back in August. It's just a matter of when. Maybe when keystone opens back up?
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