Hi Trades,
Thanks !!
The quote I posted came from an Ng forum that Silverbear posted. It seems many posters are heavily involved in the industry. I assumed you had it.
I could not/cannot fathom why dry Ng production is/was staying so high in the face of the low prices. The quote I posted certainly makes some sense
Looking at the chart, it does seem that the stocks are doing better than the Ng futures.
Going forward, I wouldn't be a bit surprised if Ng price hit 3.5 before it hits 4.5 barring some big disruption in production. But at the moment, it seems to like the 3.9 - 4.0 level.
But as you say, it is not what we want, it is what the market does !!!
Just like Dx hit 76.4 today and now it is 76.16 !!! I may attribute that to the markets rejecting the BO plan, but who am I do say, the market will do what it does !!!!
Other than learning more about the Industry, the only reason I pay attention to the Ng fundamentals is to attempt to stay off the RR tracks when the train looks like it may be coming !!!
Thanks, Lee