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Updated May 26, 2022
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February 12th, 2017, 02:42 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
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: 4,409
Thanks Received: 10,225
ron99
I believe there are new LNG exports processing facilities coming online this year.
Right now exports are 2.1 Bcf per day. They were basically zero in 2015.
Here is my chart.
See Energies-NG Weekly Data at
https://public.tableau.com/profile/ron.h8870
Thanks Ron, your analysis of this and other issues is very helpful. To be honest its your discussion of LNG exports that has alerted me to my own knowledge gap .
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
February 12th, 2017, 03:20 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
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Thanks Given: 980
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SMCJB
Thanks Ron, your analysis of this and other issues is very helpful. To be honest its your discussion of LNG exports that has alerted me to my own knowledge
gap .
US NG exports to Mexico are up 0.6 Bcf/day YoY and that number will grow greatly.
Quoting
Four U.S. pipeline projects currently under construction—Roadrunner (Phase II), Comanche Trail, Presidio Crossing (also called Trans-Pecos), and Nueva Era—will supply natural gas to new natural gas-fired power plants in the states of Chihuahua, Nuevo Leon, Sonora, and Sinaloa in 2017. Those projects will provide an additional capacity of 3.5 billion cubic feet per day. Two additional pipelines—KM Mier-Monterrey and Neuces-Brownsville—are expected to begin exporting natural gas to Mexico’s Northeast and Central regions in 2018. They will provide an additional capacity of 3.3 billion cubic feet per day.
New U.S. border-crossing pipelines bring shale gas to more regions in Mexico - Today in Energy - U.S. Energy Information Administration (EIA)
February 12th, 2017, 03:29 PM
Cleveland, OH
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Info about additional LNG export facilities being completed
Quoting
Train 3 substantial completion is estimated to be June 2017 based on actual construction progress realized, Cheniere said, adding that the Train 4 progress will be monitored over the coming months for any potential impact on the August 2017 substantial completion target.
The Sabine Pass liquefaction facility is the first of its kind to export abundant U.S. shale gas to overseas markets.
Cheniere is developing and constructing up to six liquefaction trains at Sabine Pass, which are in various stages of development. Each train is expected to have a nominal production capacity of about 4.5 mtpa of LNG.
Gallery: Cheniere close to completing Sabine Pass LNG Train 3 | LNG World News
It is because of additional exports of LNG plus NG to Mexico that I am long term bullish . Just not yet.
February 14th, 2017, 09:23 AM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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Just placed an order to sell the WK C5.
Wheat followed the seasonals nicely this year, and is neutral / bearish until May. Funds short positions moderated recently. And, last but not least, there are large amounts of wheat around waiting to be sold. Australia just raised their crop from 32.6 (December forecast) to a record amount of 35.1 million tons.
Best regards, Myrrdin
February 20th, 2017, 08:28 AM
NYC, NY
Experience: Intermediate
Platform: Sierra, TT
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Trading: Spread Researcher and crypto degen
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myrrdin
Just placed an order to sell the WK C5.
Wheat followed the seasonals nicely this year, and is neutral /
bearish until May. Funds short positions moderated recently. And, last but not least, there are large amounts of wheat around waiting to be sold. Australia just raised their crop from 32.6 (December forecast) to a record amount of 35.1 million tons.
Best regards, Myrrdin
Heard on market rally with chip flory some traders saying wheat could go a lot higher. So gonna cover my wheat 475/480 CCS soon and not take the risk I'm closer to the money since it's not naked
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February 20th, 2017, 10:31 AM
Linz Austria
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jokertrader
Heard on market rally with chip flory some traders saying wheat could go a lot higher. So gonna
cover my wheat 475/480 CCS soon and not take the risk I'm closer to the money since it's not naked
Sent using the
NexusFi mobile app
What are the arguments of these traders who assume wheat to move a lot higher ?
Best regards, Myrrdin
February 20th, 2017, 12:23 PM
NYC, NY
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myrrdin
What are the arguments of these traders who assume wheat to move a lot higher ?
Best regards, Myrrdin
https://www.barchart.com/futures/quotes/ZW*0/all-futures
Also go to agweb.com
Markets - market rally with chip flory
I think maybe last Thursday
Though I'm also seeing articles stating no fundamentals for higher prices
J
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February 22nd, 2017, 10:09 AM
Linz Austria
Experience: Advanced
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myrrdin
Looking to sell some Natural Gas puts some time in the near future, probably in March.
Mild weather should be almost factored into prices. Seasonals are neutral to upwards from March until May. COT data is neutral.
I will not sell without some downwards move before. Intend to sell the NGM P2.4 (P2.5 ?) for approx. $500 if given the chance.
Best regards, Myrrdin
Just sold the NGM P2.4, as the price got close enough to my target entry price.
NG is oversold and might bounce.
Best regards, Myrrdin
February 27th, 2017, 12:54 PM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
Currently I hold the following short options positions:
CTK C0.8
CTN C0.9
HEJ C76
HEM C86
LEJ P106
LEJ C126
LEM P96
LEM P98
LEQ P90
NGJ P2.45
NGM P2.4
SX C11 (the short dated one expiring with the June contract )
I bought back the WK C5 today with a profit of approx. 65 to 70 %.
Best regards, Myrrdin
March 11th, 2017, 02:02 PM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
Currently I hold the following short options positions:
HEJ C76
HEM C86
LEJ P106
LEJ P112
LEJ C126
LEM P96
LEM P98
LEQ P90
NGM P2.4
NGN P3
SX C11 (the short dated one expiring with the June contract )
SX C11.6 (the short dated one expiring with the July contract)
KWN P4.3 (sold yesterday before the close)
ESM P2050
Best regards, Myrrdin
Last Updated on May 26, 2022