Post by
liljohnnyjoke on Dec 07, 2023 12:17pm
NG prices dipped below $2.50 today
and that was after a larger than expected draw? maybe the NY hedge fund shorts are now setting sights on dragging it down to $2?, this weekend is supposed to be mid teens °C in eastern US and then above seasonal through a green Christmas. At some point in Jan/Feb there will be a prolonged polar vortex deep freeze or two where they will run the NG price up +$4 and be pounding the table to go long in to shoulder season when they will take it back down to $2ish again. If NG prices do spike in Jan/Feb i hope it doesnt make BIR think those prices are sustainable and keep the dividend, only to be borrowing money again for divy payout when NG tanks again
Comment by
iwpete on Dec 07, 2023 12:46pm
draw was -117 bcf.....I was expecting -120bcf not looking good we need Eric to come on BNN and tell us how great the oils like ATH and BTE are doing, and that BIR is not worth investing in because natgas is in over supply...... to put in a bottom ATH does have $150mm in cash though
Comment by
beelzeebuub1 on Dec 07, 2023 3:32pm
Seems like many investors agree with you.. a look at the institutional hoildings posted for December 2023 early next year might give us an indication if the big money is loading up at these prices, or looking at cutting and running.. I'm predicting that if HH can find 3 bucks + again, those of us who got in here below 7 bucks might make some money (besides collecting the divvy !)