Post by
andy604 on Oct 25, 2022 3:28pm
USD Dollar
This should bring in a very good 3rd quarter since the dollar is so strong, but i keep thinking about when NG was above $9, i would have hedged 50%, i know Jeff thinks different but facts are facts, how high did he think it would go, $15, well lets hope a chilli winter worldwide.
Comment by
Skylar1 on Oct 25, 2022 3:37pm
Freeport LNG fire took gas from $9.00 to $5.00 , it will be back shortly along with winter plus maintance on a couple smaller LNG terminals are close to finished. I agree it will still be a good quarter not outstanding. GLTA
Comment by
Burgersandfries on Oct 25, 2022 4:31pm
And with Europe at max storage even if freeport was open where would the gas have gone? Given storage levels and production I'm not sure I see a big upside in gas maybe I'm wrong jmho
Comment by
barneyj44 on Oct 25, 2022 4:22pm
With the big swings and volatility in Natural gas i dont think too many buyers would be locking in $9 Natural gas in Norrh America.
Comment by
Burgersandfries on Oct 25, 2022 4:28pm
I doubt anyone would have taken on the hedge at $9 gas i haven't seen anyone hedge at that price. Would you have offered gas companies a hedge at $ 9 gas...I wouldn't!