T4's
HUMBLE OPINION
1/22/07: Not much left
to write other than the fact that those sub $6 numbers were (and
still are) the short-term bottom.
10/3/06: That's all she
wrote if you're bearish. Cover now or lose your shirt!
The bottom is in and some lucky trader nailed a buy at $5.340 at
lunchtime. Prices will move up (and up) from here.
8/31/06: Thought about
this one for awhile...your first question to any marketer should be:
What can you do for me and how much work do I need to do for you?
8/29/06: Link to
PA PUC
Title 52 (the rules of the game)
7/31/06 - Wow. How's that for a quick move on
the 12 month strip? If $9 is the top, then $8 is the short
term bottom.
7/15/06 - I was thinking winter lock last week.
The market has turned up, but it's as much about the oil increase as
it is about supply getting drawn down...in other words, given the
huge spread between gas and oil, gas is playing a little gap closure
to maintain the differential. The problem with gas remains
UGI's cost to deliver, as well as basis. NYMEX is all well and
good, but the adders are killing it as a viable alternate. To
some extent, deregulation of this utility is similar to electricity
in that it requires a patient approach and the need to juggle NYMEX
+ basis + delivery numbers simultaneously.
6/30/06 - The latest storage numbers are bearish.
We have 22% more gas in the ground than last year. No Gulf
hurricane and...??? Hard to understand why traders always
think lightning will strike twice. Don't lock long just
yet.
5/25/06 - The trend is your friend. We're going to drift
down until the first hurricane develops. There is a window of
opportunity for some winter gas in the near future. Given
current #6 oil price of $1.27, market gas of about $7.50 CG (city
gate) is well below breakeven of $8.72.
