yes OP, posts about bodily gases were half-response u got from FW Finance. The other half, unexpectedly professional in the field like nsdp: concluded that buying PUTS (of course, lost 100% of the investment) was in order. Buyer of penny CALLS would've made out with like 100,000% return.
Goes back to my point: how in the world did u decide to listen to FWers in making your market move?? The only market usefulness of the topic could be to gage the public sentiment - and to make the trade OPPOSITE to it. This was a classic: while all other commodities doubled, tripled, quadroupled since 2001 - NatGas returned back to 2001 price. With great momentum, no less: 80% discount to 2005 and 2008 pricing, and less than half-price of a year ago! But public was totally apathetic to NatGas: just watch them coming out with topics "how to buy physical PM" when gold makes its last gasp toward $2000, and silver (which is not even a reserve currency) trades $40 for the last time in decades to come. Then u'll know what to do
A couple of things that the article didn't address. One each new oil well puts additional casing head gas on the market so the downward trend in gas right now is irrelevant.. The Bakken is expected to double by 2015. Since very little Bakken casinghead is currently marketed and none of the Eagle Ford which is expected to triple by 2016. Flare permits in Texas are almost exhausted so there is about 200bcfd looking for a home. Shut in the well and you shut in oil production.. So sometime in the near future about 2BCF/day will come to market. http://www.reuters.com/article/2011/07/25/us-shale-flaring-idUST... What happens in the futures markets are a bunch of poker players get together and it is a massive game of of liars poker. Counter intuitive moves are shorts covering their gains or stopping losses. You may have fluctuations as suckers move in and out of the futures market the fundamentals stink.
Senior Member - 5K
posted: Jun. 7, 2012 @ 1:43p
vickh said: Look at the date I started this thread....
should have bought more, but I listened to some of the naysayers.... Oh well.How's the P&L today
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