Discussion in 'Energy Futures' started by Landis82, May 7, 2009.
Yet another ADD of 95 BcF reported today, May 7th.
A big surplus at the moment. NG only moved up because of oil, as the speculators are flooding back into energy.
So many of these Nat-Gas drillers are way ahead of themselves . . . PTEN and HP.
In fact, PTEN had an average of only 69 rigs working during the month of April, down from 92 in March.
Huge shorts in my opinion.
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