gassers down hard

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Fraser921
Posts: 3095
Joined: Mon Mar 22, 2021 11:48 am

gassers down hard

Post by Fraser921 »

bottom 3, all down 3.5 %

crk > back to single digits 9.73
ar > needs higher prices 21.75
rrc > help, I can't get up 28.32

Ng down 3.9 %
ChuckGeb
Posts: 989
Joined: Thu Nov 21, 2013 2:46 pm

Re: gassers down hard

Post by ChuckGeb »

The bookends of holiday weekends are a not usually a good gauge of the overall market. i look for opportunities to cautiously add.
dan_s
Posts: 34908
Joined: Fri Apr 23, 2010 8:22 am

Re: gassers down hard

Post by dan_s »

May is the month when demand for U.S. natural gas is the lowest. When Global Warming arrives, the price of natural gas will go up.

I believe in "Climate the Same".

BTW today is the final day of trading for the JUN23 NYMEX contract for HH gas. All of the "paper traders" must close their positions today and more of them are long than short. Therefore, the paper traders must discount their asking prices to get utilities to take the contracts and take physical delivery of the gas.
Dan Steffens
Energy Prospectus Group
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