What happened to Natural Gas Today
judyken
08-20-2007, 6:57 PM | Post #205133 |
5 Replies
It was down almost 15%. This is where it stood on 8-6-07, so was there that much "Hurricane Premium" in the price?
Originally posted in thread: 601
Yes there was and the speculators
08-20-2007, 7:23 PM | Post #2428189
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got what they deserved - a nice haircut. But never fear, there are other buzzards out there who will be back with the next hurricane alert.
Ray
Originally posted in thread: 601
Down another 4% today
08-21-2007, 9:33 AM | Post #2428344
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somebody is loosing their pocket change.
Originally posted in thread: 601
NG Below $6
08-22-2007, 8:59 AM | Post #2428743
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is not necessarily a good thing. At least not long term. The US has good NG assets (eg. Barnett Shale). However, it appears to generally not be economic to produce when the price is less than $6.
Originally posted in thread: 601
Natural Gas now $5.80 and Oil is
08-22-2007, 12:53 PM | Post #2428834
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down to $69.00/Bbl. I'm now wondering if there are Hedge Funds which are unwinding their positions to cover redemptions?
The drillers and pipelines are down only slightly.
Originally posted in thread: 601
Hedge funds
08-23-2007, 1:24 PM | Post #2429212
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I am sure there were several hedge funds unloading. That and there is not an accelerated demand currently. If you check futures you will see the low prices do not extend out into next year.
Originally posted in thread: 601