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Relentlessly mild winter weather in the Northeast and the shale production boom combine to send...

Relentlessly mild winter weather in the Northeast and the shale production boom combine to send natural gas tumbling 7.8% today to $2.77, its lowest price in a decade. Natural gas producers: RRC -6.3%, CHK -3.1%, EQT -5%.
Comments (9)
  • tunaman4u2
    , contributor
    Comments (2939) | Send Message
     
    This right here, is a HUGE long term opportunity
    11 Jan 2012, 03:58 PM Reply Like
  • bigazul
    , contributor
    Comments (999) | Send Message
     
    Agreed, but what is the opportunity cost of waiting. When Natgas turns north again it won't be all at once.
    11 Jan 2012, 09:20 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (586) | Send Message
     
    Have to wait and see what the OI is to see if new sellers are entering or buyers leaving the market in effect giving up.
    11 Jan 2012, 08:07 PM Reply Like
  • jweissman
    , contributor
    Comments (522) | Send Message
     
    I absolutely prefer the mild winter to a boost in portfolio value!
    11 Jan 2012, 08:48 PM Reply Like
  • bigazul
    , contributor
    Comments (999) | Send Message
     
    RRC and SWN, even someone like DVN, are susceptible to go down the road that Petrohawk did in this environment.
    11 Jan 2012, 09:17 PM Reply Like
  • Spooly
    , contributor
    Comments (12) | Send Message
     
    Best natural gas ETF?
    11 Jan 2012, 09:18 PM Reply Like
  • srspa77
    , contributor
    Comments (326) | Send Message
     
    NAGS is the best ETF if you think it's going up. I've been shorting UNG the last month and have been banking. I even made a comment on seeking alpha about ung about a 3 weeks ago to short. I knew it was a guarantee.
    11 Jan 2012, 09:26 PM Reply Like
  • KKSJ
    , contributor
    Comments (2) | Send Message
     
    Waiting for it... Probably more short term downside, unless the weather changes.
    12 Jan 2012, 12:26 AM Reply Like
  • vireoman
    , contributor
    Comments (910) | Send Message
     
    Being a long-term investor, I'll be adding to my position in UPL.
    17 Jan 2012, 12:25 AM Reply Like
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