It sure is IMHO. This may be the killer app. we;ve been waiting
for to get the Nat. Gas off it's oversold haunches.
Only thing is, It,s somewhat predatory, especially knowing rp is
down there white knuckling it, not to mention all other people in
that region facing a possible category 4.
Posted by dallahoo on 26th of Aug 2008 at 01:56 pm
Yes, but seasonality may play a role in it, as well as oil to
gas ratio and utility switch overs from oil. On the charts, it
looks sold out rather than oversold, but technical imbalance can
easily get corrected without price doing much.
Posted by dodgerdog on 26th of Aug 2008 at 02:00 pm
Yes, over the longer term those are important factors.
Even longer term are the fact that Natural Gas supplies will be
plentiful with all the LNG terminals currently under
construction. While bullish on Crude Oil, Goldman Sachs is
bearish on Natural Gas for these reasons.
I would like to see our transportation system move to LNG like
Boone Pickens proposes.
UNG
UNG
Posted by dodgerdog on 26th of Aug 2008 at 01:53 pm
It's all dependent upon the Storm heading into the Gulf.
UNG
Posted by vmath on 26th of Aug 2008 at 02:00 pm
It sure is IMHO. This may be the killer app. we;ve been waiting for to get the Nat. Gas off it's oversold haunches.
Only thing is, It,s somewhat predatory, especially knowing rp is down there white knuckling it, not to mention all other people in that region facing a possible category 4.
Yes, but seasonality may play
Posted by dallahoo on 26th of Aug 2008 at 01:56 pm
Yes, but seasonality may play a role in it, as well as oil to gas ratio and utility switch overs from oil. On the charts, it looks sold out rather than oversold, but technical imbalance can easily get corrected without price doing much.
Yes, over the longer term
Posted by dodgerdog on 26th of Aug 2008 at 02:00 pm
Yes, over the longer term those are important factors. Even longer term are the fact that Natural Gas supplies will be plentiful with all the LNG terminals currently under construction. While bullish on Crude Oil, Goldman Sachs is bearish on Natural Gas for these reasons.
I would like to see our transportation system move to LNG like Boone Pickens proposes.
UNG
Posted by vmath on 26th of Aug 2008 at 02:04 pm
We're importing less and less LNG, as it's all gong to areas of the world that are willing to pay a lot more than we are to get it!