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

Champion Author
Texas

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Points:924,910
Joined:Jun 2011
Message Posted: Jan 18, 2013 9:47:07 AM

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) Post a Reply
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remay
Champion Author Houston

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Message Posted: Jan 19, 2013 3:01:54 PM

How about just speculation?
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 19, 2013 12:17:32 PM

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.
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jrs4125
Champion Author Indiana

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Points:1,035,810
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Message Posted: Jan 19, 2013 10:24:58 AM

Good for them bad for the consumer.
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tankumo
All-Star Author Vancouver

Posts:823
Points:275,680
Joined:Dec 2012
Message Posted: Jan 18, 2013 5:20:20 PM

The next two weeks will be brutally cold, not milder.

Also prices tend to follow cycle too, technically speaking.

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nsdp
Champion Author San Antonio

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Message Posted: Jan 18, 2013 2:14:02 PM

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.
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humblepie
Champion Author Toledo

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Joined:Mar 2006
Message Posted: Jan 18, 2013 1:22:36 PM

wait till obama pushes for lng exports folks........BOHICA
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ErnieK9LO
Champion Author North Dakota

Posts:4,428
Points:900,770
Joined:Nov 2010
Message Posted: Jan 18, 2013 11:44:44 AM

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.
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TripleHs
Champion Author Austin

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Message Posted: Jan 18, 2013 11:28:16 AM

natural gas prices will catch up
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 18, 2013 11:22:04 AM

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.
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jcotaxi
Champion Author South Bend

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Message Posted: Jan 18, 2013 10:21:31 AM

More and more trucking companies are switching to LNG trucks.
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Buckeyee
Champion Author Maine

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Message Posted: Jan 18, 2013 10:21:06 AM

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.
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amoshins
Champion Author Trenton

Posts:3,648
Points:1,044,420
Joined:Apr 2011
Message Posted: Jan 18, 2013 10:00:36 AM

All this news about using up NG supply with lower prices will drive futures up
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