RE:RE:RE:RE:it mayYasch,
I lightened up significantly here at $4. All of the weather models have turned, and pretty soon weather is going to be written off as a non-factor until summer. LNG demand is also starting to look like we will end up with excess by mid-year. NYMEX forward curve has dropped significantly over the last couple days and may test $2.20-2.40, but the market is shrugging it off on the equity side for now.
At this point, I am going to take money off the table after the 2 week run-up we had here and re-enter when the risk/reward looks better after seeing how the the Chinese new year goes.
https://www.fitchratings.com/research/corporate-finance/lng-oversupply-shrinks-excess-liquefaction-capacity-is-risk-18-01-2021