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Natural gas is flying higher, +4.7%, perhaps encouraged by the fact that producers are cutting...

Natural gas is flying higher, +4.7%, perhaps encouraged by the fact that producers are cutting back on drilling. "The Jeff Gundlach trade is having an insanely good day today," writes Joe Weisenthal. The bond man said last week he would like to go long natty/short Apple with 100X leverage. Apple -3.1%.
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Comments (7)
  • Paulo Santos
    , contributor
    Comments (24890) | Send Message
     
    It's more about the huge jump on consumption due to electrical power generation, also from the same report.
    30 Apr 2012, 03:40 PM Reply Like
  • Nick Pollari
    , contributor
    Comments (239) | Send Message
     
    This update is wrong. Jeff said 10X leverage not 100X leverage.
    30 Apr 2012, 03:45 PM Reply Like
  • catamount
    , contributor
    Comments (375) | Send Message
     
    As if drilling for oil, which continues with a rapid pace, won't also yield quite a bit of gas? I don't think human beings are making these decisions.
    30 Apr 2012, 03:58 PM Reply Like
  • pontiac1955
    , contributor
    Comment (1) | Send Message
     
    Spot is also up today near 2.10.
    30 Apr 2012, 07:06 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (611) | Send Message
     
    More short covering then new buying as shorts tried not once but three times to sell it this morning but support held and then it was off to the races as the shorts were forced to cover.
    30 Apr 2012, 07:53 PM Reply Like
  • petejm
    , contributor
    Comments (11) | Send Message
     
    Re RRC has anyone considered the fundementals? Lowest cost producer by wide margin, large hedged contacts and huge upside on production and proven reserves, solid financials.
    30 Apr 2012, 07:53 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (24890) | Send Message
     
    It's got that problem, never really reflected how much NG fell. That's a common problem with NG producers.
    30 Apr 2012, 07:55 PM Reply Like
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