natural gas is up big today on a big drop in the amount of gas in storage: 106 Bcf actual vs expected 114 Bcf
Because of the huge contango issue I ruled out buying futures and ETFs. I figure probably the best way is to buy natural gas producer stocks. I just bought myself COP stocks... not bad getting it at 1/2 the price of what Warren Buffet paid I am going to hold it for as long as interest rate is below 5% (it's gonna be years)...
%% Its going up a bit today, 2, but its still counter-trend. Forbes has an ex oil& nat gas trader[Adam Johnson,Bullseye Brief may 25,2016] comment on ''Bear is....'' Really dont know if he is a good trader; sounds better than average,[He still is bearish on nat gas, but noted you can turn a gas well on/off like a switch .....]Not a prediction.
%% No CZ; but i did wonder why BP idea]Boone Pickens]idea of powering autos with NG didn work much. They sell NG in Argentina, along with gasoline; [gasoline sold by liter,LOL] Dove safari guide filled up land rover, looked like air hose[ used to fill a tire] but its NG.Most likely to big a change unless you sell gasoline by liter.LOL. PS I dont really know Adam Johnson energy trader [ex energy trader, maybe] But his free twitter comments over past 50-60 days seems to suggest he is a good shot-NOT a prediction[.Posted late, 5-25-2016+ i seldom buy single stocks but can with my plan]