RE:RE:Contango.... Tough call, if I were a gambler I would bet on HND before HNU for the short term. But ultimately I think NG will go much higher and close the gap ratio to oil.
My guestimate is that NG will probably retest the $4-$4.50 range and oil will stay sub $60 which would normalize the ratio to between 12/15-1......
My co-worker's brother has just returned from working for Schlumberger in US and he indicated that they are getting pressured on the fracking methods from the local counties where they have been fracking for the last 5-7 years.....
They have recently encountered many more wells with traces of fracking liquids. he figures that if a large enough group of townships create any kind of activism that it may create major headaches for the fracking industry....He's betting on NG to move beyond $6 very quickly if this occurs.....