Natural gas (UNG -2.6%) futures sink after a report by Weather Derivatives projects heating...

This news story has 3 comments:

Register or Login to rate comments »

Christopher Wallace Comments (538)
 
That drop is way to big for a minor short term change in weather. Buying opportunity.
9 Nov 2012, 05:45 PM Reply Like

TGCFG Comments (45)
 
Did Weather Derivatives report all the snow storms everywhere last week and colder that normal temperatures? NO! I live in Florida and all the old people have their heat on at night already! Also what about the new snow storms coming up and the fact that it's been a long time since we have had snow this early, did they reprt that? NO! It doesn't really matter any way if their prediction does come true because the fact is you have a winter season gearing up and all the natural das suppiers are going to have to build inventories to meet the projected demand. It's like retailers for the holiday season, whether it's good or bad sales at the end of the day they still have to order product to meet demand. So seasonally Natural gas is going up maybe back to the $4.00-$4.25 area.
10 Nov 2012, 10:07 AM Reply Like

nimbostratus Comments (2)
 
November should stay mild across most of the CONUS, don't see prices going up from weather-driven demand at least through this week.
13 Nov 2012, 07:50 AM Reply Like