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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
Prompt Screen is $1.575 (-0.045)
Gas at Henry Hub for tomorrow is $1.50 (-0.03)
Gas in West Texas (Waha) for tomorrow is $0.41 (-0.30). OUCH! Hurts to be an unhedged producer in the permian!
Gas in the Appalachians (Eastern Gas-South) for tomorrow is $1.19 (-0.01)
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,399
Thanks Received: 10,225
Related topic if your interested in learning about gas generated power plants...
EIA IN-DEPTH ANALYSIS. FEBRUARY 22, 2024 Use of natural gas-fired generation differs in the United States by technology and region https://www.eia.gov/todayinenergy/
I thought about the buying opportunity in natty gas right now. Contango may hurt prospects of a big homerun winning trade from the long side with contracts a year out trading about 50% higher than the front month.
I'm currently long the September 24 - January 25 calendar spread looking to profit from the contango. I'll likely upsize the position as the market looks like it front month prices will begin to strengthen.