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NG price (NYMEX front month) 2018

  • 1808 Replies
  • 342279 Views
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shinobi

  • 4203
NG price (NYMEX front month) 2018
« on: July 19, 2012, 09:25:22 PM »
The NG price today slipped quietly over the $3.00 mark.  It stands now at $3.02.

Next stop $12.00 and my first yacht!  Blue Laugh
« Last Edit: January 01, 2018, 07:59:28 AM by shinobi »

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EFK

Re: NG > $3.00
« Reply #1 on: July 19, 2012, 09:28:48 PM »
I'd race you with my yacht but I fear I might spill my martini....  :o

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Chicken Farmer

  • 5536
  • L. A. N. Y.
Re: NG > $3.00
« Reply #2 on: July 19, 2012, 09:34:30 PM »
Don't go too fast guys, I'll try to keep up with my sampan...

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SOI

  • 420
Re: NG > $3.00
« Reply #3 on: July 19, 2012, 09:48:18 PM »
Had to Google that one (sampan) CF.  Are you REALLY a Chicken Farmer?  Me thinks not.

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Chicken Farmer

  • 5536
  • L. A. N. Y.
Re: NG > $3.00
« Reply #4 on: July 19, 2012, 09:50:43 PM »
Most certainly.  Born with a scoop in my hands.

Can't raise chicken in a sampan though.

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duffy

  • 2881
Re: NG > $3.00
« Reply #5 on: July 19, 2012, 09:55:21 PM »
Ya know Walt, ya do have a sense of humor,olo.

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Chicken Farmer

  • 5536
  • L. A. N. Y.
Re: NG > $3.00
« Reply #6 on: July 19, 2012, 09:58:30 PM »
You can cry while scooping, or you can laugh.  May as well enjoy what you do.

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SOI

  • 420
Re: NG > $3.00
« Reply #7 on: July 19, 2012, 10:41:20 PM »
I'm not bustin on farmers or saying they can't be successful but them Sampans are the Mercedes Benz of pontoon boats!  Course maybe that's all that gas $$$$$$$$$ talkin!
« Last Edit: July 19, 2012, 10:43:13 PM by SOI »

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shinobi

  • 4203
Re: NG > $3.00
« Reply #8 on: July 21, 2012, 07:22:23 AM »
$3.09 . . . . . . . . . . . . . . . and rising   :)

Re: NG > $3.00
« Reply #9 on: July 21, 2012, 07:51:57 AM »
In another  2 months or maybe 3 :) we`ll be into the heating season and prices should continue to rise...not wishing for a cold fall & winter, but..... :)

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shinobi

  • 4203
Re: NG > $3.00
« Reply #10 on: July 22, 2012, 08:45:18 AM »
I was casting about this morning in the cavernous, empty, open pit that is my mind, searching for reasons underlying escalating NG prices.  Out of the mists there actually appeared a couple of thoughts:

The fracking halt owing to water shortage in PA is constructive for prices.

The abysmal prospects for NY fracking help (a little bit) to dampen oversupply worries and tend to support higher price.  Ditto regarding fracking in DRBC territory.

Of course I don't really know why prices are climbing.  It's no doubt a mosaic of factors.  Still, I'm liking the bottom line a lot.  :)   

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realman

  • 1659
Re: NG > $3.00
« Reply #11 on: July 23, 2012, 10:48:35 PM »
 Natural gas is at $3.11 right now its slowly creeping up. :)

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Chicken Farmer

  • 5536
  • L. A. N. Y.
Re: NG > $3.00
« Reply #12 on: July 24, 2012, 07:13:43 AM »
I do not know if factors other than weather play into the current price trends, but have a theory as to why we had a glut to start with.

Many of the producers are mid sized firms.  Most of them are cash- strapped.  They need the cash flow, so many of them are willing to dump their reserve onto the market at a loss.

If this is indeed a factor, we can expected the same firms to hold back production once their cash flow improve.  Inventory would deplete and the pendulum would them swing the other way.

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realman

  • 1659
Re: NG > $3.00
« Reply #13 on: July 24, 2012, 06:45:08 PM »
 $3.18 I think there checking the oil on those drilling rigs,getting them ready for the long trek back east. :)

Re: NG > $3.00
« Reply #14 on: July 25, 2012, 09:10:57 AM »
Highest price our gas sold for in July was $1.693. Come on $3 gas! Guess it musta been the future contracts. Hope they (SWN) didn't sell too many months ahead.

SF