ETC Natural Gas (2 lettori)
- Creatore Discussione NEO_99
- Data di Inizio
maxgas
SonLoss
ciao, ci puo' stare ma con calma...
mavtop
Forumer storico
si sa che fa cosi rompicapo, credo che ognuno qui dentro sappia cosa sia il contango ed il suo sporco lavoro che deprezza inesorabilmente il LNGA solo col passare del tempo.
Certo la cosa sarebbe diversa se il trend diventa UP per un po di tempo, ma per ora c'e' solo un accenno di UPtrend.
Vedremo prossimamente come si comporta.
NEO_99
Forumer storico
Gas in gran spolvero...
Natural gas prices surge to one month high as investors eye lower production
--Futures settle 9.9c higher at $2.285/MMBtu
--Some analysts urge caution due to speed of latest rally
By Jerry A. DiColo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Natural gas futures surged higher Monday, adding to a week-long rally on hopes that prices near decade lows have prodded U.S. gas producers to curtail ouput.
Natural gas for June delivery rose 9.9 cents, or 4.5%, to $2.285 a million British thermal unit on the New York Mercantile Exchange after a government report showed February U.S gas production posted the largest drop in a year.
The output decline, which comes after January production hit a record high, offered some ammunition to bullish gas investors that believe prices may have hit a bottom in mid-April when futures settled at $1.907/MMBtu.
"This is a reflection of market sentiment that has been eager to look for a bottom in price," said Tim Evans, an analyst at Citi Futures Perspectives, though he urged caution. "There may be a shift going on here, but we may just be setting ourselves up for renewed disappointment."
After a mild winter and surging production sent U.S. gas stockpiles to record levels, investors have focused on whether low prices will force gas producers to make additional output cuts.
The U.S. Energy Information Administration on Monday said February natural gas output in the lower 48 U.S. states fell 0.6%, to 72.32 billion cubic feet per day, the lowest level in four months. The data follows a weekly report from oilfield-services firm Baker Hughes Inc. (BHI) released Friday that said gas drilling rigs fell by 18 last week to 613, down by more than 30% from last year.
Several analysts have called the latest rally a technical correction that could quickly reverse on rising inventory levels or weather forecasts that signal lower demand. Since hitting a 10-year low April 19, prices for natural gas have risen by 19%.
"The market was very, very depressed, so making a comeback is to be expected. It's technically driven, but partially driven by a few pieces of fundamentals," said Pax Saunders, an energy analyst at Gelber & Associates.
Still he was skeptical that the surge over the past week is sustainable. "These corrections can turn into rallies, but I don't think we have a true reversal here," Saunders said.
For one, despite rig declines, production remains 10% higher than last February, the EIA said. U.S. gas stockpiles rose to 2.548 trillion cubic feet last week, more than 55% above five-year average levels for this time of year. Supplies continue to rise despite some cutbacks in domestic production.
But with prices already near the lowest levels in more than 10 years, many traders are wary of betting on a steeper drop, fearful that more producers will cut output or storms from the coming Atlantic hurricane season could reduce production in the Gulf of Mexico.
That has made the market susceptible to sharp, but potentially short-lived, price rallies.
"The market was long overdue a correction," said analysts at Kase & Co., in a note to clients.
Natural gas prices surge to one month high as investors eye lower production
--Futures settle 9.9c higher at $2.285/MMBtu
--Some analysts urge caution due to speed of latest rally
By Jerry A. DiColo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Natural gas futures surged higher Monday, adding to a week-long rally on hopes that prices near decade lows have prodded U.S. gas producers to curtail ouput.
Natural gas for June delivery rose 9.9 cents, or 4.5%, to $2.285 a million British thermal unit on the New York Mercantile Exchange after a government report showed February U.S gas production posted the largest drop in a year.
The output decline, which comes after January production hit a record high, offered some ammunition to bullish gas investors that believe prices may have hit a bottom in mid-April when futures settled at $1.907/MMBtu.
"This is a reflection of market sentiment that has been eager to look for a bottom in price," said Tim Evans, an analyst at Citi Futures Perspectives, though he urged caution. "There may be a shift going on here, but we may just be setting ourselves up for renewed disappointment."
After a mild winter and surging production sent U.S. gas stockpiles to record levels, investors have focused on whether low prices will force gas producers to make additional output cuts.
The U.S. Energy Information Administration on Monday said February natural gas output in the lower 48 U.S. states fell 0.6%, to 72.32 billion cubic feet per day, the lowest level in four months. The data follows a weekly report from oilfield-services firm Baker Hughes Inc. (BHI) released Friday that said gas drilling rigs fell by 18 last week to 613, down by more than 30% from last year.
Several analysts have called the latest rally a technical correction that could quickly reverse on rising inventory levels or weather forecasts that signal lower demand. Since hitting a 10-year low April 19, prices for natural gas have risen by 19%.
"The market was very, very depressed, so making a comeback is to be expected. It's technically driven, but partially driven by a few pieces of fundamentals," said Pax Saunders, an energy analyst at Gelber & Associates.
Still he was skeptical that the surge over the past week is sustainable. "These corrections can turn into rallies, but I don't think we have a true reversal here," Saunders said.
For one, despite rig declines, production remains 10% higher than last February, the EIA said. U.S. gas stockpiles rose to 2.548 trillion cubic feet last week, more than 55% above five-year average levels for this time of year. Supplies continue to rise despite some cutbacks in domestic production.
But with prices already near the lowest levels in more than 10 years, many traders are wary of betting on a steeper drop, fearful that more producers will cut output or storms from the coming Atlantic hurricane season could reduce production in the Gulf of Mexico.
That has made the market susceptible to sharp, but potentially short-lived, price rallies.
"The market was long overdue a correction," said analysts at Kase & Co., in a note to clients.
Donzauker
Forumer attivo
Ciao a tutti e un buon 1° maggio....è successo qualcosa al gas che è improvvisamente crollato?! Qualcuno sa qualcosa?