RE:NG prices to rise by year-endIt is possible, may be that's why PMT hedge to Oct. LOL
The NG industry had those high efficient rigs for a long time, the rig counts dropped by half since last year, but production keep reaching new highs week after week, because the shut-in gas from the idled half of rigs are coming on stream slowly, I am keeping an eye on information about the shut-in gas to run its course, now they are adding one or two rigs here and there, that could mean the shut-in gas is about to run its course, one negative news is one extra rig in he Marcellus can produce as much as five rigs in other basins, another sign about shut-in gas running its course is the storage injection numbers, if tomorrow's injection and next week's are under 90bcf, that could mean a small supply down trend is in placed. I'll take that as the shut-in gas has run its course, I will buy again, but it is very difficult to get shares in the low $0.90, I guess the bashers are running out of nerve to sell short, the long suffering longs don't want to part with their shares,LOL
Once the shut-in gas runs its course, I am looking forward to see a mini-feast in NG or at least a dead-cat bounce.LOL CHEERS GLTA.