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Natural Gas Plunge

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    #21
    "There are quite a few people who, over the past number of years, made the same observations as you just voiced. So I've been asking a stock question in response: What will it take to turn this attitude around?"


    simple burnt
    hunger , power blackout , no fuel
    Last edited by Guest; Oct 22, 2021, 19:15.

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      #22
      Originally posted by caseih View Post
      "There are quite a few people who, over the past number of years, made the same observations as you just voiced. So I've been asking a stock question in response: What will it take to turn this attitude around?"


      simple burnt
      hunger , power blackout , no fuel
      When the cheque sent out to government employees is worthless and they stop showing up for work the SHTF.

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        #23
        Originally posted by Hamloc View Post
        Henry Hub natural gas closed up over 3% today at $5.30 USD.
        maybe go short for a scalp in here?

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          #24
          But Twitter told me fossil fuels are dead, and only fools would invest in them. LOL

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            #25
            Originally posted by burnt View Post
            There are quite a few people who, over the past number of years, made the same observations as you just voiced. So I've been asking a stock question in response: What will it take to turn this attitude around?

            The reply is invariably the same - a studious look, and then a shake of their head...

            With the degree of dependency that the majority have developed, I fear it will be a lesson of deadly proportions.

            It wouldn't need to be.
            I would start by scaling back money printing and have interest rates rise couple with a massive reduction in government. If there is no inflation people will stop worrying about the pay packet and get on with the job. Right now, thanks to inflation, everyone still working got a huge pay cut this past year making them look like fools.

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              #26
              U.S. Henry Hub ended the day at $5.898 up 11.7% for the day. What are your thoughts now Errol?

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                #27
                Originally posted by Hamloc View Post
                U.S. Henry Hub ended the day at $5.898 up 11.7% for the day. What are your thoughts now Errol?
                Whoa! It’s a rollercoaster . . . .

                The AECO storage hub price in Suffield, Alberta appears stable @$4.65 per gigajoule after hitting a high of $5.75 per gig in early October. Hopefully, that suggests our domestic gas prices are more in check than stateside right now.

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                  #28
                  Originally posted by errolanderson View Post
                  Whoa! It’s a rollercoaster . . . .

                  The AECO storage hub price in Suffield, Alberta appears stable @$4.65 per gigajoule after hitting a high of $5.75 per gig in early October. Hopefully, that suggests our domestic gas prices are more in check than stateside right now.
                  They stayed high enough long enough so sask residents got a rate increase in heating their homes.

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                    #29
                    Sure seems everything is sky rocketing! And to fast! When is the rocket going to run out of power? It's going to come crashing down and it ain't going to be good

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                      #30
                      Q

                      To $3.25?

                      Must have long term contract at favorable rates.

                      That might be industrial user price.
                      What % is the bill going up assuming steady demand?

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