NG Bear has legsAlot more downside to go.
The weather forecasts are just not cold enough to make any dent in storage glut and supply glut.
Don't forget even in receivership the administrator of a bankrupt company can still keep gas flowing out of wells, though Cheasapeake said it can still keep paying the loans from it's surplus from years gone by. The chinese are buying north american NG producers for the future and that is a long way off before they will want it for LNG export, they are happy to keep the valves turned on to supply USA and Canada with a glut so they can buy even more companies cheaper later on.