perspective.... so we just had a bigger draw than expected on a fairly warm week, then we had a really cold week and should have a large draw from that followed by a week that is on par with historical averages which is cold relative to recent years ... prices are significantly higher overseas... LNG export demand was already growing and economics are becoming better, not worse ....
However, the commodity price has tanked for two weeks+ and factored in a warm winter and every other imaginable sort of drama... the warm winter is simply not making an appearance.
There is a point at which reality and prices will synch up. There is also a point at which it will be easier and safer for traders to make money on the upside than on the short side. I don't think we're far from that point.