RE:RE:Cold snap this week
checkup wrote: I did not see this low coming. There is technical support at around $2.50 for Henry Hub....FWTW
Supply draw on Feb 2 -135, above 5 year average of -187; on Feb 9 - 173; below the 5 year average draw of -141. Freeport needs to come on line.. thats for sure.
A low could possibly be $1.95/$1.59 based on current situation. Posted ng $2.50 - $3.50 range awhile back. If the "puppet masters" push ahead full speed, it may result in a "oil covid" situation. Those who understand know what Im saying. Absolute bottoms difficult to predict as well as absolute tops.
my neighbor kept bragging about ng and telling me it would go $10 plus and more. I tried to explain that the numbers being touted were bull$hit. When ng was $3.50, I t told him he may want to hold off buying more gas plays such as TOU, etc. I told him ng was going down to $2.50. He became very angry. He could have saved some $cash. Ever time there is a surplus, less push for production occurs. There is a lot of ng on stream and available. It takes time to work through. there are even greater forces, imo, who can manipulate,situations. it occurs over and over.
regarding the terrible loss of lives in the war...here's what really is occurring. MSM propaganda really sucks in the sheep. The war is sad.
https://www.youtube.com/watch?v=cmIKBEiaRyA&t