Natural Gas tumbles after Inventory data


EIA Natural Gas Inventory: +107 bcf vs. consensus of +98 bcf and +93 bcf last week.

Futures -3.34% to $3.980.

ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, NAGS, DCNG

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Comments (5)
  • ComputerBlue
    , contributor
    Comments (1396) | Send Message
     
    Production on demand. Keep wasting that capital to add more rigs.
    17 Jul 2014, 10:35 AM Reply Like
  • Mikebtu
    , contributor
    Comments (2) | Send Message
     
    How much capital will the big E&P's waste and when will the investors wake up???
    17 Jul 2014, 12:17 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (1396) | Send Message
     
    Good question. Its all about growth and high salaries for mgt. They could care less if their return on capital is low. Low interest rates make it pretty easy to do.
    17 Jul 2014, 12:27 PM Reply Like
  • Mikebtu
    , contributor
    Comments (2) | Send Message
     
    when will the big E&P's stop wasting capital and when will the investors wake up???
    17 Jul 2014, 12:21 PM Reply Like
  • maxskimr@gmail.com
    , contributor
    Comments (56) | Send Message
     
    Over the next two weeks we should see in excess of 105 bcf infill and by September we should be looking at prices of $3.50 to $3.60 per BTU.
    17 Jul 2014, 12:22 PM Reply Like
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