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TFC Commodity Trading Forum

Re: Nat Gas #2/ Trades/Lee/Silverbear

I'd say we're pretty close to a bottom. If $2 gas was so profitable why would Chesapeake and a few other producers throttle back at 2.5? Not that I expect prices to rise much if any. They should bounce inside Trade's Hell basket for some time. The next real forcer of NG will be either a prolonged summer heatwave or a hurricane. The former is looking like a possibility given the persistence of drought in W Texas.