RE:RE:RE:RE:Breaking OutI'm keeping half my position for sure until they release the numbers on the new wells.
The key for the other half is trying to figure what the short position and the market makers
are going to do before they know it themselves. For that you have to keep on the
current AECO spot and strip price (mainly) and what we know about the hedges and last but not least the weather. The shorts are going to be a steady source of buyers here. I appreciate all the
info being publish about what's going on with them here.
Natural Gas demand has proven itself to be pretty resilient (even with lockdowns). A lot of
coal power plants are shutdown now and coal (and now uranium) prices are increasing which will
support ntural gas going forward.
Going too far with the Green options (wind and solar) is a receipe for disaster. California
this week is going to commissioning a bunch of natural gas generators (mid scale machines - about 30 megawatts each) to make up for the poor wind and solar this summer. The wind seems to have been low where I live too. The BBQ has blown off in quite a few weeks. It's light material and usually I have to put it back on every 2-3 days.
The gulf hurricane season has done worst damage to the energy infrastructure down their
since the 2005 season. Their could be more curveballs in the aking since we are at peak storm activity for the gulf right about now. I wonder how long the before some of the marginal operators pack
it forever due to these extra costs. Read the whole article below to get an idea what's really happening.
https://ca.news.yahoo.com/hurricane-ida-aftermath-worsen-supply-125200745.html
https://www.houmatimes.com/news/port-fourchons-recovery-phase-continues-post-ida/