selling continues. 1.968!!!!!
and it's not just paper traders selling March. The whole damn curve is getting slaughtered.
The EP genius's refused to hedge NG at 10,9,8,7,6,5,4. They hedged too low in 2022 and didnt hedge high in 2023
I am amazed CRK has held up so well and not in single digits. We need to study who has debt issues as these gassers are cash flow negative NOW! SELL!!
Sell everything. There is panic and blood in the street. (I wonder how the guy that got tilted last week @ 2.75 is holding up)
Looks like it is spilling over into crude next and service names sooner or later.
Bastardi says it will be cold next winter and Biden and Democrat moonbats want to ban gas stoves.
Ive never seen a business thats so cyclical as this one.
NG HAS A 1 HANDLE
Re: NG HAS A 1 HANDLE
Capitulation is a good time to consider investing.
Re: NG HAS A 1 HANDLE
No doubt about it. Since the early morning lows, NG and the names have bounced back
The paper traders that have to sell March will buy April.
Prices at noon NG is up 14 cents front part of curve, 10 cents middle part of curve , and 7 cents back third of curve
Looks like traders are saying enough is enough. Classic more buying than selling.
This is "wake up call" is actually good in long run, as the companies will be more disciplined with drilling and laying off a few rigs crews
The crk ceo opened his call with asking "are we having fun yet"
The paper traders that have to sell March will buy April.
Prices at noon NG is up 14 cents front part of curve, 10 cents middle part of curve , and 7 cents back third of curve
Looks like traders are saying enough is enough. Classic more buying than selling.
This is "wake up call" is actually good in long run, as the companies will be more disciplined with drilling and laying off a few rigs crews
The crk ceo opened his call with asking "are we having fun yet"