Some hedged (non cash at 2.50) they will have to pay 3.50 or more to settle.
They could have bot puts at 10-15 cents, to save 15 cents they are paying 3.50 on the back end
Any way they twist it, they screwed up big time, imho
Buy the un-hedgers. See what it feels to earn $6 bucks on NG and $100 on crude. It feels marvelous!!
ng over 6
Re: ng over 6
Ng up almost 50 cents!! What an insane move !
I bet someone is blowing up due to being short.
I bet someone is blowing up due to being short.
Re: ng over 6
This is why> https://www.zerohedge.com/weather/natga ... -weekendhy:
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: ng over 6
As I write this on Thurday 4/7 NG is rising to the moon. $ 6.35
I never thought NG would get to these levels.
Strangely AR, is lower. I'm adding
I never thought NG would get to these levels.
Strangely AR, is lower. I'm adding