Natural Gas (NATGAS) News

Been a long time since last post on this site. With Silicon Investor continuing to shrink? Long past time for me to resume posting here. A little about me, FWIW.

Retired from active stock trading in 2012 & added decades of accumulated capital to initial positions in producing & non-producing Nat. Mineral properties with proven reserves in multiple pay zones. Mostly Gilmer County, WV. Very bullish about the sector ST, IT & LT.

All the best to everyone,

Isopatch

Natural gas markets have rallied significantly during the course of the week, topping the $3.40 barrier that had been so difficult to get above previously. That being said, now that we are reaching towards the $3.50 level, it becomes clear that the natural gas markets have plenty of momentum underneath them and have the very real possibility of overheating. Based upon the “measured move” of the “W pattern”, or perhaps the rectangle depending on what your viewers, we could have a move all the way to the $4.40 level.https://www.fxempire.com/forecasts/article/natural-gas-weekly-price-forecast-natural-gas-markets-break-through-barrier-746307

$VBHI$XFLS$EEENF

HUGE natural gas reserves 5-10c per share:
Canadian Spirit Resources Inc. SPI (Cdn)
Alternate Symbol(s): CSPUF (USA)

Is FSNGX Mutual fund a good buy now?

I came across the following video on analysis of FSNGX. I am thinking of starting DCA myself after watching this.
What do you think, is the bottom close? or is it going to be bottomless fall

Is FSNGX Mutual fund a good buy now?

I came across following video on analysis of FSNGX. I am thinking of starting DCA myself after watching this.
What do you think, is the bottom close? or is it going to be bottomless fall

Is FSNGX Mutual fund a good buy now?

I came across following video on analysis of FSNGX. I am thinking of starting DCA myself after watching this.
What do you think, is the bottom close? or is it going to be bottomless fall

$NATGAS buy 3.685

bull flag near the measuring gap
50% fibonacci retracement
stochastics oversold and and %k crossing above %d higher
stochastic %k exiting lower boundary buy signal
price bouncing off the ichimoku cloud
price found stability at a long term resistance area turned to support after the initial breakout
possibly a long term double bottom forming
volume higher on advances and less on retracements indicate the market is buying contracts and anticipating greater returns

No thank you!

'OptionSellers.com' Goes Dark After "Catastrophic Loss Event" In NatGas "Rogue Wave"
by Tyler Durden - Sun, 11/18/2018 - 17:00

https://www.zerohedge.com/news/2018-11-18/optionsellerscom-goes-dark-after-catastrophic-loss-event-natgas-short-squeeze
'Rogue wave' our collective ass.. Being 'naked' short calls is grossly negligent with even the most risky of speculative capital - and sheer recklessness in a so-called 'conservative' strategy. Yep - who could have seen that coming?

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O/S: https://www.otcmarkets.com/stock/ENRJ/profile

Outstanding Shares 12,323,463 a/o Nov 13, 2017
ADVANCE MERGER expected to occur late in the fourth quarter of 2017 or first quarter of 2018,


MERGER WITH:
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http://www.b2i.us/profiles/investor/ResLibraryView.asp?ResLibraryID=86324&BzID=2176&g=559&Nav=0&LangID=1&s=0

Lots and lots of price volatility... a dangerous market... not for me.

Clean burning Natural Gas...

Swing trading here has been fairly consistent...

A good recovery but not a big deal...

The chart... all downhill...

I'm new here and it would be nice to know how you see that and why you think it.

TIA,

SD

All downhill this year...

$Natgas on a wild ride last half of the year.

YIKES... glad I had no interest in $NATGAS:

From June to now... what a run!!!

Gas has a big day today...

What a massive bull run since March...

Not after this week... a MONSTER week...

There may well be more downside before the winter comes.

Today's action broke well below...

Fresh multi year lows.... still ugly...

$NATGAS is coming back now, seemingly. But when the rest of the complex turns north, it is going to be spectacular. And, it WILL come back!!!

Natural Gas Prices Signaling Oil Bottom for Investors
Submitted by EconMatters on 01/07/2016 20:08 -0500

http://www.zerohedge.com/news/2016-01-07/natural-gas-prices-signaling-oil-bottom-investors

$34 Handle After Record Gasoline Inventory Build
Submitted by Tyler Durden on 01/06/2016 10:39 -0500

http://www.zerohedge.com/news/2016-01-06/wti-crude-plunges-34-handle-gasoline-distillate-inventories-soar

Next Stop for U.S. Natural Gas Is 20-Year Low Amid Warm Weather
Christine Buurma December 15, 2015 — 9:05 AM EST Updated on December 16, 2015 — 4:33 PM EST

http://www.bloomberg.com/news/articles/2015-12-15/natural-gas-futures-extend-slide-to-14-year-low-on-mild-december

Officials say US oil bankruptcies at Great Recession-era levels…
Posted December 25, 2015 7:23 am by PatriotRising

http://patriotrising.com/2015/12/25/officials-say-us-oil-bankruptcies-at-great-recession-era-levels/
For American drillers, the New Year will likely bring more of the same – financial pressure and mass layoffs.

The U.S. petroleum industry hasn’t seen this many bankruptcies in one quarter since the Great Recession, the Federal Reserve Bank of Dallas says, counting nine Chapter 11 court filings in the year’s final three-month period. And that’s just a third of the year’s domestic casualty count.

The Dallas Fed also estimates in a new report on Thursday the nation has lost about 70,000 oil and gas jobs since October 2014, a 14.5 percent drop in the 14 months after the domestic shale drilling boom that drew thousands to Houston’s oil hub began a steep decline.

But the sacrifice of dozens of U.S. oil producers, thousands of oil field workers and more than 1,200 drilling rigs still hasn’t stalled U.S. crude production enough to shrink the global oil glut that has sent oil prices below $40 a barrel.

Global crude supplies, the Fed said, could outpace demand by 600,000 barrels a day, and the world’s crude storage tanks may not start to decline until 2017.

That’s in part because increased production from Iran has come on earlier than anticipated and the Organization of the Petroleum Exporting Countries is expected to continue pumping crude at current levels.

Iran, which expects western sanctions on its oil exports to be eased next year, has said it wants to pump an additional 500,000 barrels a day. Goldman Sachs believes that OPEC, which includes Iran, will boost its daily production in 2016 by 640,000 barrels. But that’s a conservative estimate that assumes Iran will only put out 285,000 barrels a day next year.

Meanwhile, U.S. output has fallen more slowly than expected, with production declines leveling out in recent weeks, according to the U.S. Energy Information Administration, as the market absorbs crude production from drilling activity that happened early last summer, when oil prices were $60 a barrel.

Big-ticket oil projects coming into production in the Gulf of Mexico boosted U.S. supplies by 500,000 barrels a day from July to September, which tempered the decline in the nation’s shale plays.

“Given the great uncertainty surrounding projections and the timing of supply and demand changes, the coming year promises to be a dynamic one for the oil markets,” the Fed said.

U.S. crude rose 53 cents in early trading Thursday to $38.03 a barrel on the New York Mercantile Exchange, climbing 12 percent since the market reached a rock-bottom low a few days ago. Brent, the international benchmark, increased 30 cents to $37.66 a barrel on the ICE Futures Europe.

"Unstoppable" California Gas Leak Now Being Called Worst Catastrophe Since BP Spill
Submitted by Tyler Durden on 12/24/2015 08:19 -0500

http://www.zerohedge.com/news/2015-12-24/unstoppable-california-gas-leak-now-being-called-worst-catastrophe-bp-spill
... the infamous Erin Brockovich writes, "the enormity of the Aliso Canyon gas leak cannot be overstated. Gas is escaping through a ruptured pipe more than 8,000 feet underground, and it shows no signs of stopping," as according to the California Air Resources Board, methane - a greenhouse gas 72 times more impactful in the atmosphere than carbon dioxide - has been escaping from the Aliso Canyon site with force equivalent “to a volcanic eruption” for about two months now.
Video and MUCH more available at the link above...

"Just Wait For The Bankruptcies" - The Latest Market That "Is In Real Trouble"
Submitted by Tyler Durden on 12/17/2015 13:50 -0500

http://www.zerohedge.com/news/2015-12-17/just-wait-bankruptcies-latest-market-real-trouble
Natural-gas fell to the lowest ever inflation-adjusted price in its history of NYMEX trading on Wednesday as extremely warm weather continues to limit demand. As we recently explained, the glut in nattie is worse than that facing the crude complex, and while the glut in oil is expected to continue for the next year or so before balancing in late 2016, the pain for liquefied natural gas (LNG) could be just beginning. As one trader warned "this market is in real trouble...just wait for the bankruptcies."

As The Wall Street Journal reports, gas prices have been falling precipitously in recent weeks because of the combination of record-high stockpiles and a December that could be the worst for heating demand in history.

Prices have fallen 25% in just one month and have dropped 39% from their high in August. Wednesday settlement put gas below the inflation-adjusted low of $1.801 that had been in place since January 1992.

Gas did make a move up to small gains in after-hours trading, but many traders and brokers had little explanation for that rebound. The trader Marc Kerrest said he noticed prices and spreads moving higher for months far away, a sign front-month prices could follow. He closed out some of his bearish bets before settlement, he said.

“But in no way would I consider going [bullish on] gas just because of what it’s done,” in recent weeks, said Mr. Kerrest, who manages his own gas-focused fund, Cornice Trading LLC.

Warm weather in the U.S. caused by the El Niño weather phenomenon has sharply limited demand for the heating fuel this year. The natural-gas market is oversupplied, and some traders and analysts say the industry could run out of storage space for gas by mid-2016.

Production was so high and demand was so soft that storage levels likely shrank by just 41 billion cubic feet last week, according to the average forecast of 17 analysts, brokers and traders surveyed by The Wall Street Journal. That is only a third of their five-year average drawdown for the week. If the forecast is correct, stockpiles on Dec. 11 would have been 16% above levels from a year ago and 8.9% above the five-year average for the same week.
With weather so warm and prices already so low, there may be no lower price to which gas can fall to draw more demand, said Scott Shelton, broker at ICAP PLC. That means prices have to fall so far that producers stop working.
But many have been caught in a cycle of debt, forced to keep producing even at a loss just to bring new revenue in the door that they can use to pay the debt bills that piled up from using loans to fuel their growth during the drilling boom. It isn’t clear how far prices would have to fall to get them to stop, Mr. Shelton said.
“This market is in real trouble,” Mr. Shelton said. “Just wait for the bankruptcies.”
There is more at the link above...

New multi-year closing low on the weekly chart...

Nothing positive to trade yet.

Junk-Rated Offshore Drillers Headed into Bankruptcy: Fitch
by Wolf Richter • August 17, 2015

http://wolfstreet.com/2015/08/17/junk-rated-offshore-drillers-after-hercules-headed-into-bankruptcy-fitch/

This whole energy sector is on the rocks... crazy.

A setup for $NATGAS bulls seems to be close at hand... bears vigilance.

Bankers are long 2-1 in $NATGAS:

http://www.cftc.gov/MarketReports/BankParticipationReports/deajun15f

Began buying UGAZ here looking for a bounce after an amazing rout. Adding in increments.

Plumbed a new low for the move and right back up... $NATGAS

Holding well since that time frame.

IMO today, FEB 2 was the low. We'll see a nice bounce here!!!

Support is broken...

The chart in the i-Box/i-Message is at critical support...

$NATGAS is threatening to break into newer low ground...

All energies are taking a beating... $NATGAS

TY!!! Gave you member/follow mark #7... Enjoy the long weekend.

I would like to thank the person that set this board up. A lot of useful data at a glance.

ANR on the move big time investors rushing to ANR