Given this background, we circle back to the question of whether or
not robust gas production is sustainable. It partly depends on oil
and NGL prices. If those fall significantly (NGL prices have fallen
in recent months), gas production will decline. But perhaps more
importantly, wet and associated plays may not offer sufficient
production to satisfy the expanding gas demand in North America. If
that is the case, most dry gas wells will need prices between $2.70
and $3.20 to be profitable. Thus, producers of dry gas likely can't
keep financing new drilling, which means gas prices must rise above
the $3.00 barrier to attain enough production to meet demand.
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Bought some BOIL prior to
UNG 60 min chart divergence.
Posted by EdZ on 21st of Feb 2024 at 08:55 am
Bought some BOIL prior to yesterday's close. :-)
UNG 60 min chart divergence.
Posted by EdZ on 20th of Feb 2024 at 03:58 pm
UNG 60 min chart divergence.
BOIL
Posted by EdZ on 16th of Feb 2024 at 11:29 am
BOIL
EW CLX CMG
Posted by EdZ on 16th of Feb 2024 at 11:27 am
EW CLX CMG
TSLA
Posted by EdZ on 15th of Feb 2024 at 03:59 pm
TSLA
Surprised supplies are not cutting
UNG - Now that the widow maker did it's usual ...
Posted by EdZ on 15th of Feb 2024 at 11:26 am
Surprised supplies are not cutting back. I doubt if they are making money at these levels.
Source: EIA Source: EIA
Given this background, we circle back to the question of whether or not robust gas production is sustainable. It partly depends on oil and NGL prices. If those fall significantly (NGL prices have fallen in recent months), gas production will decline. But perhaps more importantly, wet and associated plays may not offer sufficient production to satisfy the expanding gas demand in North America. If that is the case, most dry gas wells will need prices between $2.70 and $3.20 to be profitable. Thus, producers of dry gas likely can't keep financing new drilling, which means gas prices must rise above the $3.00 barrier to attain enough production to meet demand.
eia.gov
U.S. natural gas production reaches a new record despite low prices - U.S. Energy Information Administration (EIA)
ABNB went up to 167
LYFT up 58% on earnings ... lol
Posted by EdZ on 13th of Feb 2024 at 05:01 pm
ABNB went up to 167 back down to 144. More than one candle though.
IWM60
Posted by EdZ on 13th of Feb 2024 at 09:59 am
IWM60
I had SPXU, and puts
US CPI (MoM) (Jan) +0.3% vs +0.2% Est.USA CPI (YoY) ...
Posted by EdZ on 13th of Feb 2024 at 09:22 am
I had SPXU, and puts on QQQ and SPY along with a few stocks. Wish I had focused on TZA. IWM down 3.5%. Natural Gas just took another tumble.
VIX not agreeing with this
Posted by EdZ on 12th of Feb 2024 at 11:31 am
VIX not agreeing with this rally.
ARM
Posted by EdZ on 12th of Feb 2024 at 10:59 am
ARM
Seasonality February
Posted by EdZ on 12th of Feb 2024 at 10:47 am
Seasonality February
APPL failed at the 50dma
Posted by EdZ on 12th of Feb 2024 at 09:49 am
APPL failed at the 50dma last week. Looks weak here.
CRMT - Insider buying in
Posted by EdZ on 12th of Feb 2024 at 09:22 am
CRMT - Insider buying in this area now.
If it gets down to
SNAPPED
Posted by EdZ on 7th of Feb 2024 at 02:18 pm
If it gets down to between 8.5 and 9.5 I'll consider buying. :-)
Close to the 200dma now
SNAP - got snapped again
Posted by EdZ on 6th of Feb 2024 at 04:16 pm
Close to the 200dma now and 61.8 fib. Wow!
NIO finally bounced along with
Posted by EdZ on 6th of Feb 2024 at 10:14 am
NIO finally bounced along with the other Chinese stocks.
That's a lot of gold.
Posted by EdZ on 3rd of Feb 2024 at 01:46 pm
That's a lot of gold.
Nice pop on BA after
Posted by EdZ on 31st of Jan 2024 at 11:19 am
Nice pop on BA after earnings.
$NAHL - Just a small
Posted by EdZ on 28th of Jan 2024 at 02:13 pm
$NAHL - Just a small number of stocks leading the market?