Post by
iwpete on Oct 20, 2023 1:15pm
Free Advice
Just remember free advice usually isn't worth much.
Use the weakness right now in natgas to put on positions.
Why? you might ask.
Well seasonally it's weak. But it's just short term bearish.
But here's why to do it now.
The Baker Hughes rig count comes out this afternoon. And I'm betting the gas rig count goes down 2.
Usually you would use calls, but Toronto is too winsy a mkt so I'll just use stocks as a cheap call.
GLTA
Comment by
iwpete on Oct 20, 2023 4:17pm
I was wrong https://boereport.com/2023/10/20/canadian-rig-count-summary-active-rig-count-settles-at-186/ Trying to find out if gas rigs are competions.
Comment by
barneyj44 on Oct 21, 2023 3:46am
The fact is nobody knows where Natural Gas prices are heading. Well respected Eric Nuttall suggested it was heading to a $1 in early summer and to chose heavy oil producers hence he off loaded Arc to take bigger positions in Cve and Meg. All three have done just fine. I'm holding until February.