It certainly seems true that storage is maxed out on this trade, but the underlying question is still hanging out there. Producers have (in effect) unlimited storage. So if this was such a great trade, you'd expect them to be piling into the long end of the curve selling contracts like crazy against future production while simultaneously reducing current production levels.
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It certainly seems true that storage is maxed out on this trade, but the underlying question is still hanging out there. Producers have (in effect) unlimited storage. So if this was such a great trade, you'd expect them to be piling into the long end of the curve selling contracts like crazy against future production while simultaneously reducing current production levels.
Apr 17 15:43 pm
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