RE: RE: RE: Dear Chancery looks like nothing has changed here, the same b.s. from a couple posters, one in particular AT, I have him on ignore.
I can guarantee you he's not losing any money, because he doesn't play with any, he lost it all along time ago. When he used to tell you his trades... real time, he was almost always wrong at a very high percentage.
I've stayed away from natgas for a good while as the inevitable price decrease was going to happen, it had to unless there were some major production cuts.. thus I didn't have the balls to short it either.
Picked up my first buy of hnu at close at $2.52 just when natgas hit ovesold territory. I have 4 more buys waiting to allocate but I"m in no rush.... she can go lower obviously (below $2?), but were getting close to where a vast majority of producers don't make any real money or... start to lose.
Need to reduce production upwards of 400bcf-600bcf between now and fall vs. last yr., Storage capacity will probably be increased a bit by fall vs. recent years... it's there physically, just need to make it operational. Not expecting a big upturn yet, until some good signs of production cuts... more coal to natgas switching.
gl