RE:Trend is brokenNot by a mile. This give me a chance to fix the errors I posred earlier.
The actual support (not resistance) is at $19.15 and ARX is still well above that.
The trend line is way down there at about $17.25,
It looks lie we are about to experience an accidental shoulder season
I can't remember the last time NG prices went through a shoulder season at $5 nevermind $7.
In actuality this little outage should help cut ARX hedging losses and then start ramping back up in September when the Freeport LNG terminal starts back at a limited capacity not to mention the NG price spikes in the dog days of cooling season.
When the LNG terminal ramps up to full capacity all of the hedging will be accounted for and ARX will reap the benifit of the full prices being sold as we move into heating season.
It is going to be an exciting year for ARX stock holders as Q2 ER adds more to shareholder returns and it is going to take a lot more than 1 downed LNG plant to hold it back.
GLTA Longs
angelnicky wrote: heading to 15 and then 10
have a nice evening to all of the greedy dreamers