Crew Energy Inc T.CR

Holiday work for the elves

[Oldnagger]

Chicago ng = USD 120.  
Alliance ng =  USD 70.     
Are there any unhedged volumes into these markets ?

[robert41]

These numbers make no sense I don't see a big change at aeco or Henry hub... very confused about this. What am I missing thx

[gonatgasgo]

Robert, if I understand your comment, the difference is the spot rate for the day vs futures rates.  The futures have not moved much and this is what is usually quoted on investing.com or other websites.  You find the spot rate on psac.ca or or naturalgasintel.com      

[Oldnagger]

If anyone is incredulous about the gas prices at Chicago or wherever. There is a simple reason , many businesses that rely on nat gas would rather pay through the nose ,than shutdown in the middle of a cold snap. One large consumer that sure doesn't want to shut down is oil refineries ,as they may not be able to start up again. Many businesses try to economize by buying interruptible gas

[Oldnagger]

As an additional thought ,I would imagine that short sellers in Chicago will not be celebrating Presidents day this year LOL

[integrity11]

Great comment on short sellers. Like you Oldnagger I feel really bad for them. I hope that some of the short sellers on Cr, Tou, Bir and all the other NG producers have been enjoying their short positions in recent days. I believe there are good time ahead for especially the Montney producing group.

[gonatgasgo]

On the same topic, who is paying that kind of money and who is pocketing the money? Maybe it is a stupid question, but I would like to ask anyway. Whoever knows the mechanics, I would appreciate you shedding some light. Thank you