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Author	Topic: U.S. natgas futures extend gains despite milder weather outlook	Post a Reply Back to Topics

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mastermariner Champion Author Texas Posts:4,249 Points:495,675 Joined:Jun 2011	Message Posted: Jan 18, 2013 9:47:07 AM Ignore mastermariner Report Abuse Front month well above recent 3-month spot low * Above-normal nuclear outages, near-term cold support * Record production, long-term milder weather to limit upside * Coming up: Baker Hughes gas drilling rig data Friday By Eileen Houlihan NEW YORK, Jan 18 (Reuters) - U.S. natural gas futures edged higher early on Friday, extending gains for a second straight day and the sixth time in seven sessions, backed by near-term cold weather in the East and a supportive weekly inventory drawdown. But with temperatures expected to moderate in the next week or so and by early next month, most traders expect limited upside. As of 9:03 a.m. EST (1403 GMT), front-month February natural gas futures on the New York Mercantile Exchange were at $3.525 per million British thermal

mastermariner

Champion Author
Texas

Posts:4,249
Points:495,675
Joined:Jun 2011

Message Posted: Jan 18, 2013 9:47:07 AM

Ignore mastermariner Report Abuse

Front month well above recent 3-month spot low
* Above-normal nuclear outages, near-term cold support
* Record production, long-term milder weather to limit
upside
* Coming up: Baker Hughes gas drilling rig data Friday

By Eileen Houlihan
NEW YORK, Jan 18 (Reuters) - U.S. natural gas futures edged
higher early on Friday, extending gains for a second straight
day and the sixth time in seven sessions, backed by near-term
cold weather in the East and a supportive weekly inventory
drawdown.
But with temperatures expected to moderate in the next week
or so and by early next month, most traders expect limited
upside.
As of 9:03 a.m. EST (1403 GMT), front-month February natural
gas futures on the New York Mercantile Exchange were at
$3.525 per million British thermal

REPLIES (newest first)Ignore Short Messages

remay Champion Author Houston Posts:6,973 Points:2,119,340 Joined:May 2006	Message Posted: Jan 19, 2013 3:01:54 PM Ignore remay Report Abuse How about just speculation?
Jeff4U Champion Author Atlanta Posts:8,767 Points:1,854,320 Joined:Nov 2004	Message Posted: Jan 19, 2013 12:17:32 PM Ignore Jeff4U Report Abuse nsdp, I could have made the same comparison using April to August. The prices still doubled and when next April arrives, you'll see a similar double price - comparing apples to apples. The point I made was one of volatility, not time of year. As far as my knowledge, which you insinuate is lacking, I've been tracking commodity prices daily for over 10 years. If you have nothing better to say than criticism of a perfect stranger, you should troll elsewhere in your quest to fill your empty life.
jrs4125 Champion Author Indiana Posts:2,768 Points:593,695 Joined:Sep 2011	Message Posted: Jan 19, 2013 10:24:58 AM Ignore jrs4125 Report Abuse Good for them bad for the consumer.
tankumo Veteran Author Vancouver Posts:398 Points:69,905 Joined:Dec 2012	Message Posted: Jan 18, 2013 5:20:20 PM Ignore tankumo Report Abuse The next two weeks will be brutally cold, not milder. Also prices tend to follow cycle too, technically speaking.
nsdp Champion Author San Antonio Posts:1,117 Points:47,340 Joined:Jun 2012	Message Posted: Jan 18, 2013 2:14:02 PM Ignore nsdp Report Abuse Casing head supplies of natural gas from oil wells is being added much faster than any decline in drilling rigs for NG will cause. depending on the field between 10%-50% of an oil wells total out put is casinghead. Jeff4U only people who have no knowledge of the oil an gas industry will compare prices in in January to prices the previous April. Car dealers must love to see you coming as you are the type who will pay full sticker in 2013 for a 2012 model compact.
humblepie Champion Author Toledo Posts:34,297 Points:2,373,320 Joined:Mar 2006	Message Posted: Jan 18, 2013 1:22:36 PM Ignore humblepie Report Abuse wait till obama pushes for lng exports folks........BOHICA
ErnieK9LO Champion Author North Dakota Posts:2,696 Points:545,930 Joined:Nov 2010	Message Posted: Jan 18, 2013 11:44:44 AM Ignore ErnieK9LO Report Abuse They want natural gas as high as gasoline!!! Minot, ND is at $3.09 a gallon for gasoline. 25 miles to the south gasoline is $2.99 a gallon, Minot needs to drop another 10 cents a gallon!!! This will make them the same as Bismarck which the prices usually match.
TripleHs Champion Author Austin Posts:3,355 Points:918,840 Joined:Oct 2009	Message Posted: Jan 18, 2013 11:28:16 AM Ignore TripleHs Report Abuse natural gas prices will catch up
Jeff4U Champion Author Atlanta Posts:8,767 Points:1,854,320 Joined:Nov 2004	Message Posted: Jan 18, 2013 11:22:04 AM Ignore Jeff4U Report Abuse Natural gas is now $3.52 / million BTUs Last April it was $1.90 / million BTUs Total price increase: 88% This sounds like a lousy deal to me.
jcotaxi Champion Author South Bend Posts:1,765 Points:361,055 Joined:Jun 2011	Message Posted: Jan 18, 2013 10:21:31 AM Ignore jcotaxi Report Abuse More and more trucking companies are switching to LNG trucks.
Buckeyee Champion Author Maine Posts:4,616 Points:901,575 Joined:May 2010	Message Posted: Jan 18, 2013 10:21:06 AM Ignore Buckeyee Report Abuse Maine's governor is pushiNG for more NG pipelines in the state. Most average Mainers can not afford to heat their homes with heatiNG oil. That shinniNG champion of the people just cut the heatiNG program for the poor for a second year in a row. Obama needs the money for his windmills and foreign aid.
amoshins Champion Author Trenton Posts:2,205 Points:643,595 Joined:Apr 2011	Message Posted: Jan 18, 2013 10:00:36 AM Ignore amoshins Report Abuse All this news about using up NG supply with lower prices will drive futures up