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Polar Vortex
Posted: Wed Dec 28, 2022 4:49 pm
by ChuckGeb
Thought the polar vortex was to bring double digit gas prices, not sub $5. What happened. Well freeze offs mean less supply while furnaces were burning at full tilt. WTF!!!
Re: Polar Vortex
Posted: Wed Dec 28, 2022 7:03 pm
by dan_s
I agree. Holiday trading can be really weird. Let's give it a few more weeks before we write off 2023.
Re: Polar Vortex
Posted: Thu Dec 29, 2022 7:42 pm
by ChuckGeb
Seems like current low NG prices could turn out nicely for CRK for the year end hedge settlements and also for year end mark to market hedges of companies who have NG ceilings or swaps at or below current pricing.
Re: Polar Vortex
Posted: Thu Dec 29, 2022 8:10 pm
by Fraser921
Some of crk swaps were at 2.50, they will be paying big bucks to settle those crap hedges
Re: Polar Vortex
Posted: Thu Dec 29, 2022 8:40 pm
by ChuckGeb
If they settle at end of month or quarter they will pay a whole lot less than if gas were now $7 or $8.
Warm January
Posted: Mon Jan 02, 2023 3:33 pm
by Fraser921
Means get out of gassers
Ng will probably open lower
Houston residents will need ac on