my buy senses are tingling on ng

it seems a shift to 10$ to 15$ in long term

 

Last time it hung around those levels ($10-$15) was 2009-2010

IMO $5-$10 might be a better range to shot for currently.

Here is the weekly Baker Hughes Gas Rig chart which clearly shows (so does the Oil Rig version btw) a strong uptrend is drilling. Of course with Russia/Ukraine situation affecting many EU countries decision to continue buying NG from Russia or not, demand from alternative sources is strong.

But we are drilling baby drilling and so is Qatar, Bahrain etc so I'd think unless Putin drops a nuke demand will outstrip supply but only enough to push prices higher into that $5 higher range.

 

i know right... even sitting at these prices for more than a couple of days makes it kinda weird... it usually has a short lifespan at these prices

 

it has already gone up since early this year.

 

its supposed to drop a lot today

 

fuck sake