Post by kavern23on Jun 02, 2025 8:45pm
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Post# 36595158
Natural gas
Natural gas Hopefully ipo gets more 2026 ng hedges while things are still decent,
never seen fundamentals get ugly at such a speed for a commodity like it is right now as what is happening in natural gas.
Been alot of supply manipulation to keep prices firm in both Europe and USA.
Eventually Norway will produce normal again and renewables are about to hit Europe with more sun.
Europe had a plus 24 bcd build after so so build for may.
Europe likely keep builds smaller in April and may in case trump could pull a miracle with Russia and sanctions ever get lifted.
lots of USA pipelines were on maintaince in Texas during may...lol nobody should be worried about supply.
Actually bad speculators pushed ng up so much early morning...way to much coal generation in USA as current ng make s coal cheaper in many cases. Last year cheap ng stopping a lot of variable coal helped USA from totally filling up on storage even though it was high.
Short fund in ng let ng bulls run it up on low volume today...just to make more profit on the nymex pelting coming....
Canada exports to USA are up 1bcf most days and I can see this 2-3 bcd year over year daily gain soon.
100 rigs shouldn't be drilling for ng like they are right now,,it's madness.
Lng markets by 2030 could look like lithium crash on steroids.
ng price speculation getting to this point is a good signal the USA fed can not lower interest rates as 'money is way too loose and too much risk taking"...lower USA interest rates would just make this more stupid.
speculation that artificially raises commodity market price can distort and bring in too much supply.