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Permalink Reply by IRielley on July 22, 2012 at 12:23

Here's an interesting article from today's Forbes, that seems to think we're headed up, rather than down:

http://www.forbes.com/sites/richardfinger/2012/07/22/were-headed-to...

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Permalink Reply by Krkyoldhag on July 23, 2012 at 6:02

I waited til the markets moved today (Monday) before I solidified my predictions on prices of NG. The NG price has held above $3 and now its still at $3.08 well into the trading day. I thought that how it reacted in market today would be good indicator.

Well its held while oil had dropped as well as other stocks. Its remaining at $3.08 in this trading session is same as having gained several points.

I am now hopeful that it will continue to go up..I predict it will be near $3.50 by end of week. 

I am not cluttering my mind with all this stuff about gas supply, or over supply or any of that.  I am basing my prediction on how markets react.  The price has been way too low for months.  Its correcting.

I do not think $8 is realistic but I can see it going to over $4 in a matter of weeks.

OK all you experts send your attacks on my prediction and get it over with.

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Permalink Reply by adubu on July 23, 2012 at 6:09

KOH--- as I just said on other thread about $8 gas --- if summer continues Hot and a Cold Dec. the decline in Rigs will continue We have very good chance of $4.00++ by year end , but doubtful in matter of weeks IMO

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Permalink Reply by Krkyoldhag on July 23, 2012 at 9:25

The price has gone from $2.78 to $3.10 in just over a week...that 32 cent increase..so its 3.10 today  add 32 cents increase to that and you got $3.42 ...I stand by $3.50 by end of week. 

Guess we will watch and know in few days.

Good discussions going on on several threads.  Keeps our minds alert.

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Permalink Reply by adubu on July 23, 2012 at 11:39

KOH--- Crazy strange things have happen in the market but---Don't bet your house on it

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Permalink Reply by Hopeful About Natural Gas on July 23, 2012 at 11:58

Russia says the US natgas price/industry is "unsustainable". The article also says it's based on old data from that consulting firm a few blocks from the White House ....

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8545823

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Permalink Reply by adubu on July 23, 2012 at 12:14

Hopeful--- The Russians are worried they will lose their markets--typical Russian Propaganda---LMAO :))

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Permalink Reply by w.r. frank on July 23, 2012 at 13:38

Russia is correct. It is not sustainable at $3.10/mcf. I love Russia, of all people, complaining about a level playing field and free markets. Russia totally depends on extraction and export of natural resources and regularly uses these assets for its its economic and geopolitical purposes.

Why would Russia use PR and FUD to discourage LNG exports? According to my data source, the June NG price for Russian NG (not LNG) delivered to the German border was $12.86/mcf, while the average June spot price at Henry Hub was $2.51/mcf.

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Permalink Reply by JHH on July 25, 2012 at 13:39

If the Ruskies were real smart... they buy our gas at $3 and sell it at $12. Hey... wait a minute!

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