Rice_Rocket_Och...'s  Instablog

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Currently, an energy trader submerged in natural gas fundamentals & technicals. Former roles include senior financial trader at CVX, director of derivatives origination at BP, and spark spread term trader at Dynegy.
  • CAPP Coal vs. NYMEX NatGas Btu Spread Bearish For NatGas 0 comments
    Jun 26, 2009 11:14 AM | about stocks: UNG, USO

    The CAPP Coal to Nymex NatGas Btu futures spread indicates that coal to gas substitution will end this Nov’09. That is roughly 2.1 bcf/d of NatGas demand that will be lost which will only add more to the already bearish imbalance of +3 year over year supply-demand (as of WE 6/12). This analysis implies downside risk to the current forward curve of NatGas.

    Disclosure: No Positions

    Stocks: UNG, USO
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