Post by
Farmer12 on Sep 09, 2021 1:50pm
Energy prices
October Nymex Futures trading around $5 U.S. WTI oil price very sticky between $68-$70 U.S. In 2008 when gas prices last spiked June 2008 Henry Hub price maxxed out around $12.80 U.S. In the following 14 months the price fell almost every single month until by August 2009 the price was around $2.90 In comparison to the June HH 2008 price, in 2008 dollars, $5.00, in 2021 dollars, doesn't seem so crazy high. The AECO spot for gas now around $3.50 Canadian is about 90 cents above last year at this time. Bottom line, this is a very good time for a low cost producer to ship gas to almost any delivery point on the grid. China is tapping its petroleum reserve, which seems to indicate they don't want the oil price to blow off short term. WTI $68-$70 U.S., condensate at high $80's Canadian. These are the good old days. Three weeks to nail down a very profitable Q3 and another nice little dividend bone.
Comment by
captwade on Sep 09, 2021 4:43pm
Natgas just hit 5 bucks. Yahoo!
Comment by
vitalina2233 on Sep 09, 2021 9:06pm
yes i made 3400 on 3 trades o this stock im k still holding core position. quit bashing cmc papi