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Cold winter weather in the eastern U.S. has pushed natural gas futures above $4/mmbtu, but ISI's...

Cold winter weather in the eastern U.S. has pushed natural gas futures above $4/mmbtu, but ISI's Jonathan Wolf sees prices declining to $3.50, citing not just the onset of warmer weather but high supply and limited near-term coal-to-gas switching. Tudor Pickering also is cool to jumping into gas-focused energy firms, since "bad things start happening (less demand and more rigs/supply)" when gas rises above $4.
Comments (1)
  • Natural Gas is exhibiting strong upward momentum. Shorting that type of move NG , is just asking to lose money. If there are pullbacks, they should be bought. If we see $3.50, I will be in there with both feet scooping up contracts.
    24 Mar 2013, 06:59 PM Reply Like
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