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

To: quehubo who wrote (182828)	3/1/2014 1:16:47 PM
From: teevee	Respond to of 206334

It was not so long ago that all the smartest money was betting $7+ NG forever. What will it take to get a spike in gas directed drilling? $5+ on the 18 month strip? recent upward nat gas prices were supply and demand driven. The recent drop in prices has been driven by traders. E & P's have a lot of lower priced hedges that must expire as E & P's need to hedge at higher prices before committing to increased drilling for gas. Traders better be nimble as utilities will be aggressive in taking all the gas they can to refill storage. Nat gas upward price reversals should be sharp as tardy traders scramble to unwind short positions in an undersupplied market.