Spot Natural Gas Oversold

[errolanderson]

An opinion: With 50 U.S. states now experiencing freezing temperatures ahead of Halloween . . . unprecedented in history . . . spot nat gas prices may be oversold.

Suffield AECO spot (SE Alberta) prices have recovered from just 50 cents in early Sept to about $2.50 per gigajoule now. U.S. fracking profitability is now in decline suggesting that Texas oversupply of nat gas may come under control over the next year. Texas cash prices have been negative . . . in other words, take the gas away and we will pay you. Makes as much sense as negative rates (IMO).

[furrowtickler]

An opinion: With 50 U.S. states now experiencing freezing temperatures ahead of Halloween . . . unprecedented in history . . . spot nat gas prices may be oversold.

Suffield AECO spot (SE Alberta) prices have recovered from just 50 cents in early Sept to about $2.50 per gigajoule now. U.S. fracking profitability is now in decline suggesting that Texas oversupply of nat gas may come under control over the next year. Texas cash prices have been negative . . . in other words, take the gas away and we will pay you. Makes as much sense as negative rates (IMO).

Interesting...... it’s just weather , hmm 🤔

[furrowtickler]

Errol , any word on the U.S. corn and bean harvest? It’s been very quiet from a market perspective.
Yields ? Quality ? Progress ?
Nobody saying much
U.S. ag talk sites stating what most of us seen coming in July.

[errolanderson]

Errol , any word on the U.S. corn and bean harvest? It’s been very quiet from a market perspective.
Yields ? Quality ? Progress ?
Nobody saying much
U.S. ag talk sites stating what most of us seen coming in July.

As of Sunday, U.S. corn harvest now 30% complete as compared to the five (5) year average of 47% complete. The soybean harvest now 46% as compared to the five (5) year average of 64% for this time of year. Definitely, U.S. harvest behind schedule . . . .

Winter wheat plantings appear rolling along fairly normally at 77% complete.

Dec corn appears caught between $3.80 to $4/bu trading window right now.

[Guest]

An opinion: With 50 U.S. states now experiencing freezing temperatures ahead of Halloween . . . unprecedented in history . . . spot nat gas prices may be oversold.


dont worry cluck, cluck
its just weather, and just because its happening a mere 50 states is not a big deal
should shut all those fossil fuel/pipeline haters valves off , and leave more for us that appreciate it
isn't it ironic that those climatard libtards can't make one prophecy , NOT ONE IN 40 YEARS, come true , but the weather is doing exactly what the sunspot scientists said it would and the quacks believe the climatards and the likes of suzuki/mckenna/gore and the rest of the merry band of fools instead ??????????????
how in the hell do you deal with people that are this simple???
maybe when they are freezing in their house it will sink in, maybe not.............