WD9,
Have you been watching N Gas:
"Sep 30, 2006 (Houston Chronicle - McClatchy-Tribune Business News via COMTEX) -- Falling natural gas prices, which have sunk far below a December peak of more than $15, have prompted one energy company to curtail production, but others haven't jumped on that bandwagon.
Still, analysts say Oklahoma City-based Chesapeake Energy Corp.'s plans to cut production by 6 percent exemplifies how players in an industry lacking an OPEC-like body to control production can react to a lull in prices.
"This tells you, 'I'm tired of selling gas for a low price when I think in two or three months I'll be able to sell it at a higher price,' " said David Pursell, an analyst with Pickering Energy Partners. "It's just a little bit of a shot across the bow to service providers to get well costs lower than they are today."
Natural gas futures for October fell as low as $4.20 per million British thermal units in trading Wednesday on the New York Mercantile Exchange. Gas for November closed Friday at $5.62, up 22.8 cents for the day, but still a far cry from the high of $15.37 on Dec. 13.
Analysts attribute the fall to high inventories, an absence of hurricanes to threaten supply and forecasts for a mild winter. The Energy Department said inventories are 12 percent above normal."
http://news.tradingcharts.com/futures/8/8/83792088.html?mpop
I hear NH3 is still falling, as is 46-0-0.
Fall applied FS NH3 now down to $525 vs $725 this time last year in cental AB.
46-0-0 at ?
Have you been watching N Gas:
"Sep 30, 2006 (Houston Chronicle - McClatchy-Tribune Business News via COMTEX) -- Falling natural gas prices, which have sunk far below a December peak of more than $15, have prompted one energy company to curtail production, but others haven't jumped on that bandwagon.
Still, analysts say Oklahoma City-based Chesapeake Energy Corp.'s plans to cut production by 6 percent exemplifies how players in an industry lacking an OPEC-like body to control production can react to a lull in prices.
"This tells you, 'I'm tired of selling gas for a low price when I think in two or three months I'll be able to sell it at a higher price,' " said David Pursell, an analyst with Pickering Energy Partners. "It's just a little bit of a shot across the bow to service providers to get well costs lower than they are today."
Natural gas futures for October fell as low as $4.20 per million British thermal units in trading Wednesday on the New York Mercantile Exchange. Gas for November closed Friday at $5.62, up 22.8 cents for the day, but still a far cry from the high of $15.37 on Dec. 13.
Analysts attribute the fall to high inventories, an absence of hurricanes to threaten supply and forecasts for a mild winter. The Energy Department said inventories are 12 percent above normal."
http://news.tradingcharts.com/futures/8/8/83792088.html?mpop
I hear NH3 is still falling, as is 46-0-0.
Fall applied FS NH3 now down to $525 vs $725 this time last year in cental AB.
46-0-0 at ?
Comment