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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (37189)12/6/2004 8:21:18 PM
From: quehubo  Read Replies (2) | Respond to of 206183
 
NG prices can change quite rapidly once sentiment changes. Rumor has it that the slow start of the Winter in Asia has an abundance of LNG loads heading our way because our prices still offer the highest reward relative to Asia.

Where is the floor now with #6 oil prices <$4?

Coal contracts going for $40 now I hear, $60 spot coal can keep NG at $5 for the Summer months with Nox credits.

We NEED weather and a good demand response to the weather or say good bye to $6.5 ng regardless of WTI. $5 ng would scare the hell out of most recent investors after sitting on equities with $7 ng future strips.

Of course if this Winter does not pan out there is always next Summer and Winter.