landowner

bottom gas price

No chatter on site about increase of price of gas last 2 days...are we all just holding our breath afraid to talk about it?  Can it climb to over $3 this week?  Who wants to guess?

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Oil & Gas ProPermalink Reply by Les Bamburg on April 25, 2012 at 9:29

KOH, the only thing that matters is the final expiration price of the May contract on Thursday afternoon.


landownerPermalink Reply by Krkyoldhag on April 25, 2012 at 9:37

thanks  will try to remember that  ...but still it makes ME feel better to see it go up instead of down on daily markets.

Permalink Reply by Parkdota on April 25, 2012 at 9:43

I'm hoping the hot temps out west and nor’easter in NE along with maybe lowered production has something to do with it....but it's probably simple speculators driving the ups and downs.

 


landownerPermalink Reply by essay on April 25, 2012 at 10:31

i wouldn't want anyone to get their hopes up.


Oil & Gas ProPermalink Reply by Les Bamburg on April 25, 2012 at 14:53

We can only relax and look forward with hope to 2014 and beyond.


landownerPermalink Reply by P.G. on April 25, 2012 at 16:42

With today's technology and production...NG prices will never be high until it's marketed in huge amounts...such as for transportation....but then that would hurt petroleum prices..which are the same producers who drill for Nat Gas..kind of a catch 22...huh?


Oil & Gas ProPermalink Reply by Les Bamburg on April 26, 2012 at 2:56

PG, petroleum prices will never be impacted by natural gas since demand for petroleum is global in nature.

 

By the way the best hope for increased demand for US natural gas is power generation and exports.  But there are political and environmental groups that working to stop that growth opportunity. 

Permalink Reply by Parkdota on April 26, 2012 at 2:44

I'm gonna guess today's EIA storage injection of natgas to be sub 30bcf which is the reason for the upward movement.


Oil & Gas ProPermalink Reply by Les Bamburg on April 26, 2012 at 7:46

Parkdota, storage injection was at 47 Bcf.


landownerPermalink Reply by Max on April 26, 2012 at 6:19

Check out sesports post "2011 State of Markets". 

Looks like NG will be low for awhile.


Oil & Gas ProPermalink Reply by Les Bamburg on April 26, 2012 at 7:48

Max, insiders view is it will take at least 2 cycles (2012/2013 & 2013/2014) to get storage levels back to more normal levels.


landownerPermalink Reply by Krkyoldhag on April 30, 2012 at 9:28

It closed at $2.29 today..I think it will continue to rise ...as the herd thunders ahead. 

Something is going to happen soon.   Hold on to your money for couple more weeks ..see how it falls out.

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