Maybe another sign the long slide in natural gas is nearing its end, legendary trader John...

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untrusting investor Comments (9879)
 
He made mega millions trading energy in a little over a decade. Probably not a good sign for NG prices in the near future.
2 May 2012, 10:19 PM Reply Like

Black Bear Comments (26)
 
For Lessors who 5 year leases are going to expire in the near future, an additional drop in gas prices is good. When gas becomes more valuable the lessors will be able to lease their acreage once again for thousands of dollars per acre. In the mean time they might consider increasing their holdings!
2 May 2012, 10:19 PM Reply Like

Dr. V Comments (1180)
 
Makes you wonder why he decides now of all times to bail.

An dose of "ethical rebirth", or perhaps "an act of containment"?

There are some big questions to be answered.

Does anyone remember this story? Is Arnold being seen as the "election fly in the ointment"?

Houston Fundraiser drama
First Lady event upsets local Dems
By JULIE MASON | 10/27/11 2:45 PM Updated: 10/27/11 4:30 PM

An upcoming Houston fundraiser featuring first lady Michelle Obama at the home of a former Enron executive who is part of a movement to convert public pensions to 401(k)-style plans is angering some local Democrats.

John Arnold, a Houston billionaire and former Enron trader, is hosting the Michelle Obama event with his wife, Laura Arnold, at their Houston home on Nov. 1.

Arnold is part of an organization pushing to convert public pensions — including teachers, police, firefighters and others — to 401(k)-style plans. The effort launched in California but has plans to go nationwide, according to a story by Bloomberg. The story notes that Arnold is a libertarian and his wife a Democrat.

A receptionist at Arnold's Houston investment office told POLITICO that Arnold was not available to comment.

Dana Guefen, co-chair and event contact for the Nov. 1 Houston fundraiser featuring the first lady, declined to comment to POLITICO but said someone would get back in touch.

Gayle Fallon, president of the Houston Federation of Teachers, called the 401(k) proposal "very frightening for teachers." She noted the nose dive many retirement plans took in the stock market in 2008, saying, "What if I was retired and that happened?"

"My people supported Obama big-time in 2008," Fallon said. "This is not helping."

Maybe an oversight body, (pick one) offered to let him go without digging around, if he steps out now? Would not be the first time a "Presidential hopeful", used the SEC to settle a vendetta, or?
3 May 2012, 03:11 AM Reply Like

zebra114 Comments (220)
 
This all smells fishy to me. Am I the only one? The timing and what is going on at CHK, and the fact that he was one of Aubrey's "go to" people for loans..... Not sure I believe the story put out for the public.
3 May 2012, 09:10 AM Reply Like

jrrodak Comments (4)
 
All of this jubilation will come to an end when it is realized that numerous natural gas storage facilities are required to draw down inventories to approx 18% of designed capacity before allowing new injections. Doesn't it seem odd that the producing region is reporting a -1 BCF injection during a shoulder month but had adequate supply during the heating season?
3 May 2012, 04:54 PM Reply Like