Post by
stockmarket1 on Jan 19, 2024 2:08pm
A topic a bit of base....
2024, as we all know is the presidential election in the U.S. Should the republicans win the Oval office. How will the price of Nat Gas and WTI perform under the republican party? We keep hearing the phrase --- DRILL baby DRILL. Will the republican party be more " energy shares / sector " friendly?
Comment by
houbahop on Jan 19, 2024 5:07pm
For the time being, East Asia (JKM), US (HH), Europe (TTF) have their reservoirs almost full and all their Futures Strip trade in the gutter. NatGas producers are in a very vulnerable spot as we have not seen a real shakeup of their share price just yet. Their hedges make everyone confortable, for the time being...
Comment by
stockmarket1 on Jan 19, 2024 6:05pm
Maybe the Nat Gas sector should cut production for a bit and bring down the reserves. Its a move that OPEC promotes and works at times. I dunno. Doesn't make all that sense to keep producing while reserves are at peak. It's like trying to keep filling your gas tank when it's already full.
Comment by
houbahop on Jan 19, 2024 6:19pm
You might be interested in reading former EQT CEO, Steven Schlotterbeck: https://www.spglobal.com/marketintelligence/en/news-insights/trending/OoNXRY59RdoDsa_f-oA9Bg2
Comment by
stockmarket1 on Jan 20, 2024 11:23am
Thx for the article. I'm not sure if it's bullish or not lol.