Hello Guest
Landowner Rights Denied By Moratorium      NY: 11 Years, 7 Months | DRBC: 10 Years, 9 Months
YOUR SUPPORT KEEPS US OPEN       
       More Information

Two bucks!

  • 14 Replies
  • 727 Views
*

shinobi

  • 4330
Two bucks!
« on: January 17, 2020, 05:20:06 PM »
Dear Lord I just checked and the NYMEX NG price is exactly at $2.00.

Right up until that moment things were going well.

I don't even want to think about how much worse this can become.  How low can it go?
« Last Edit: January 17, 2020, 08:57:14 PM by shinobi »

Re: Two bucks!
« Reply #1 on: January 18, 2020, 07:18:25 AM »
Economics 101 - Demand should be equal to or greater than supply for prices to rise. 

The other popular thread on the board discusses a company bringing in more rigs.  I'm no supergenious but that business model seems to be destined for failure unless there's a secret demand source out there somewhere.   

*

shinobi

  • 4330
Re: Two bucks!
« Reply #2 on: January 18, 2020, 12:35:11 PM »
I have to agree.

Way things are going, not too long from now we will be paying them to take our NG . . . and begging them to take more on that basis!

The whole thing is ridiculous.  :(

*

claude

  • 199
Re: Two bucks!
« Reply #3 on: January 18, 2020, 05:25:47 PM »
this was in general energy news:27/11/2019
older article but demand comment applicable.
"The U.S. Energy Departmentís weekly inventory release showed a larger-than-expected decrease in natural gas supplies Ė the seasonís first withdrawal. However, the positive sentiment was overwhelmed by the lack of meaningful demand amid strong production, which led prices to trickle down."
The Federal Government, MS state government, FERC, Courts, and gas and pipeline companies have stolen my underground caverns.

*

shinobi

  • 4330
Re: Two bucks!
« Reply #4 on: January 20, 2020, 02:54:42 AM »
Forget two bucks.

NYMEX is now down to $1.91.

Why don't we all just give our NG away?

So fortunate to have received a decent bonus years ago.

Do recall some said money is in the royalties.  LMAO 

*

aubrey

  • 15104
  • NEWBIE
Re: Two bucks!
« Reply #5 on: January 20, 2020, 08:40:39 AM »
Do recall some said money is in the royalties.  LMAO

I said that.

still say it too. especially around the end of every month.

wj
CHANGE IT BACK!

Re: Two bucks!
« Reply #6 on: January 20, 2020, 10:50:18 AM »
We just need to wait until the Dem's legalize marijuana in all 50 states.  Once they're all high we can take the country back!!!

*

shinobi

  • 4330
Re: Two bucks!
« Reply #7 on: January 20, 2020, 09:03:13 PM »
Once they're all high

They're already high as kites far as I can tell.  They are NUTS!!  All of them without exception.  Bunch of self-admitted communists with comrade AOC their leader.

They had better win this Senate trial.  Because they have zero chance of defeating and removing Trump at the ballot box in November.  Wonder who they will blame for their loss then.  Let's see, they already tried blaming the Russkies.  Maybe in November they will assign blame to alien invaders from outer space.  :D

*

macal

  • 10813
Re: Two bucks!
« Reply #8 on: January 21, 2020, 09:55:23 AM »

  Wow. Trump"s not doing much for the natural gas industry. Or energy in general.

*

riverrat

  • 2106
Re: Two bucks!
« Reply #9 on: January 21, 2020, 10:02:02 AM »
what would do

*

ghrit

  • 4019
  • Member since October 05, 2008
Re: Two bucks!
« Reply #10 on: January 21, 2020, 11:38:46 AM »

  Wow. Trump"s not doing much for the natural gas industry. Or energy in general.
Wow, indeed.  What prompted that gem of an observation?
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

*

macal

  • 10813
Re: Two bucks!
« Reply #11 on: January 21, 2020, 11:41:51 AM »

   Stock and royalty pricing.

*

ghrit

  • 4019
  • Member since October 05, 2008
Re: Two bucks!
« Reply #12 on: January 21, 2020, 12:17:08 PM »

   Stock and royalty pricing.

Heh.  There's an apple to go with your orange.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

*

JT

  • 238
Re: Two bucks!
« Reply #13 on: January 23, 2020, 01:32:51 PM »
I've spent the last 3 days in meetings with gas marketers at several of the majors. General consensus is that without an unexpected event  it will hover around the $2.00 mark for the rest of the year.

*

macal

  • 10813
Re: Two bucks!
« Reply #14 on: January 24, 2020, 02:20:11 PM »

  WJ can start day trading Cabot and SWN soon.