People are dropping $25MM for a well? I assume that is a 3 mile lateral, but damn.
Natural Gas futures/prices
22,031 Views |
141 Replies |
Last: 3 yr ago by txaggieacct85
Deep stuff on Texas side.
The drilling reports in for these wells come with an automatic ST01 and ST02
Robertson County as well and those laterals are 2 milers
up over 5% today
just checking in on you
checking in or rubbing in. I have an unrealized loss, but it won't be realized unless I sell.Cyp0111 said:
just checking in on you
The good news is this only represents .5% of my portfolio.
Otherwise, I'm beating the market today
Just checking in, I let the market do the talking.
like I said, it's .5% of my portfolio of stocks. and you evidently have nothing better to do than troll this forum.Cyp0111 said:
Just checking in, I let the market do the talking.
S&P 500 up .44%, my portfolio up .90%, despite the little glitch on UNG.
I like days when I beat the market.
I like days when I beat the market.
now up .98%txaggieacct85 said:
S&P 500 up .44%, my portfolio up .90%, despite the little glitch on UNG.
I like days when I beat the market.
Hey- I'm not the guys holding a....check notes..."unrealized loss" on a triple-levered ETF with a negative roll yield. But you do you my man.
That's multiple times you come in here on red days just to spike the ball and rub losses into people's faces. Frankly, it's pretty clear you're a *****.
Again, I asked the question why someone would want to effectuate a long term trade in something like boil which is such a poor investment vehicle.
Trading natty is a widow maker , I questioned why one would want to do such a thing.
We can just admit this is a Vegas experience and move on.
Trading natty is a widow maker , I questioned why one would want to do such a thing.
We can just admit this is a Vegas experience and move on.
Or, you can stop trolling the thread and move on with your life.
To be clear, you shouldn't be trading a triple levered etf with negative carry on an underlying commodity like natty. I think it's friendly advice.
"The Force is not with you"
"The Force is not with you"
The best solution for low natural gas prices is low natural gas prices.
I look for $3-4 PCF this year and maybe more if Russia and Ukraine keep the fight going.
I look for $3-4 PCF this year and maybe more if Russia and Ukraine keep the fight going.
When I have .5% of my stock portfolio in UNG, I'll think I'll be okay.Cyp0111 said:
To be clear, you shouldn't be trading a triple levered etf with negative carry on an underlying commodity like natty. I think it's friendly advice.
"The Force is not with you"
Oh and did you check? Nat Gas rebounded to a .81% gain today.
Just checking in on you.
P.S. I have a third of my portfolio in real estate.
Now you can shut up.
Let's be clear. You're not coming in here to give friendly advice. You're coming in here to gloat and rub it in people's faces that BOIL is down.
It's clear as day, and you've done it more than once. So don't try to pretend otherwise.
I'll await your next post so you can have have the last word yet again.
It's clear as day, and you've done it more than once. So don't try to pretend otherwise.
I'll await your next post so you can have have the last word yet again.
I'm not floating, I've lost more money on natty the last year in principal investments that imaginable. I work with a lot of people that follow this for a living.
Seeing people trade a crappy etf with a negative carry is like watching a high speed crash. You can't hold the etf for long duration, roll will eat you.
I'm not dancing on a grave, I just think you're kinda a dumbass who's Uber defensive .
Seeing people trade a crappy etf with a negative carry is like watching a high speed crash. You can't hold the etf for long duration, roll will eat you.
I'm not dancing on a grave, I just think you're kinda a dumbass who's Uber defensive .
UNG mirrors Natural Gas Futures. Natural Gas prices are very cheap right now.Cyp0111 said:
I'm not floating, I've lost more money on natty the last year in principal investments that imaginable. I work with a lot of people that follow this for a living.
Seeing people trade a crappy etf with a negative carry is like watching a high speed crash. You can't hold the etf for long duration, roll will eat you.
I'm not dancing on a grave, I just think you're kinda a dumbass who's Uber defensive .
buy low, sell high.
nah you showed up on a day nat gas futures were down 7% to gloat.Cyp0111 said:
I'm not floating, I've lost more money on natty the last year in principal investments that imaginable. I work with a lot of people that follow this for a living.
Seeing people trade a crappy etf with a negative carry is like watching a high speed crash. You can't hold the etf for long duration, roll will eat you.
I'm not dancing on a grave, I just think you're kinda a dumbass who's Uber defensive .
I have some bad news for you, prices ended up 1.17%
Henry Hub Natural Gas Overview - CME Group
I guess as someone who's livelihood depended on natural gas prices for most of my career, trading natural gas via a stock/etf gives me chills. There so much that goes into the equation and drives prices. If just using fun money, then ok but if much more than that, buyer beware.
I've been involved with the oil.and gas industry as a professional since 1986 and before that in 1973 when I was 10 and my dad, who was a drilling foreman, let me hang out on a drill site with the other rig hands. This of course would never be allowed now.
Anyway, I have about .5% of my stock portfolio in UNG.
So don't lose any sleep over my investment.
Anyway, I have about .5% of my stock portfolio in UNG.
So don't lose any sleep over my investment.
There's a big difference between holding UNG and holding BOIL.
For me, I'm happy that people try… I too frequently hold a BOIL position: a few naked calls that I use as an offset for some NG producing long positions I own. I will happily sell anyone some when I roll em again. It's a great thing to go naked with… super volatile, and what goes up will eventually come back down, so keep rolling and milk the premium.
Edit to add: actually right now I've got sold KOLD puts because the price of BOIL is so low the commissions eat up too much. I would much rather have naked BOIL calls due to leverage decay. Can't wait for the reverse split.
For me, I'm happy that people try… I too frequently hold a BOIL position: a few naked calls that I use as an offset for some NG producing long positions I own. I will happily sell anyone some when I roll em again. It's a great thing to go naked with… super volatile, and what goes up will eventually come back down, so keep rolling and milk the premium.
Edit to add: actually right now I've got sold KOLD puts because the price of BOIL is so low the commissions eat up too much. I would much rather have naked BOIL calls due to leverage decay. Can't wait for the reverse split.
That's cool. Just wanted to get word out that anyone doing it realizes this isn't at simple as buying and selling stocks.
Here's a US oil and gas outlook webinar I'm moderating on Friday am from the EIA. Interesting slides coming out.
https://www.linkedin.com/posts/activity-7046519264744247298-QmQv?utm_source=share
https://www.linkedin.com/posts/activity-7046519264744247298-QmQv?utm_source=share
3 pages about natural gas prices. Near 5 year high storage levels not mentioned once and if I asked any of you guys putting money into these ETF's how the Freeport restart is coming along… respectfully, I'd wager none of you could honestly answer without doing a quick Google search.
So… you have no beat on supply, no beat on demand, probably very little beat on production… so basically you are putting money into an ETF that I'm guessing you also have no beat on what comprises it… because you think the natural gas price 'looks low'.
No offense… but… I'd wager you would all have a hell of a lot more fun utilizing that money gambling on March Madness or taking your spouse for a really nice dinner or something than gambling on an ETF and market fundamentals that you clearly aren't following that closely nor understand that well. Oh yeah… have fun filing your K1's next February and March too!
Anyhow, remember this post when after you've gone through 3 or 4 Futures rolls with UNG and realized losses that could have been a nice steak dinner with your spouse and decide to punch out.
So… you have no beat on supply, no beat on demand, probably very little beat on production… so basically you are putting money into an ETF that I'm guessing you also have no beat on what comprises it… because you think the natural gas price 'looks low'.
No offense… but… I'd wager you would all have a hell of a lot more fun utilizing that money gambling on March Madness or taking your spouse for a really nice dinner or something than gambling on an ETF and market fundamentals that you clearly aren't following that closely nor understand that well. Oh yeah… have fun filing your K1's next February and March too!
Anyhow, remember this post when after you've gone through 3 or 4 Futures rolls with UNG and realized losses that could have been a nice steak dinner with your spouse and decide to punch out.
I only buy a commodity, including $NATGAS, when it is extremely disfavored. Love threads like this to gauge sentiment.
cool story. and you provided no real valuable information here.ATM9000 said:
3 pages about natural gas prices. Near 5 year high storage levels not mentioned once and if I asked any of you guys putting money into these ETF's how the Freeport restart is coming along… respectfully, I'd wager none of you could honestly answer without doing a quick Google search.
So… you have no beat on supply, no beat on demand, probably very little beat on production… so basically you are putting money into an ETF that I'm guessing you also have no beat on what comprises it… because you think the natural gas price 'looks low'.
No offense… but… I'd wager you would all have a hell of a lot more fun utilizing that money gambling on March Madness or taking your spouse for a really nice dinner or something than gambling on an ETF and market fundamentals that you clearly aren't following that closely nor understand that well. Oh yeah… have fun filing your K1's next February and March too!
Anyhow, remember this post when after you've gone through 3 or 4 Futures rolls with UNG and realized losses that could have been a nice steak dinner with your spouse and decide to punch out.
btw. production increases supply. Not sure if you knew that.ATM9000 said:
3 pages about natural gas prices. Near 5 year high storage levels not mentioned once and if I asked any of you guys putting money into these ETF's how the Freeport restart is coming along… respectfully, I'd wager none of you could honestly answer without doing a quick Google search.
So… you have no beat on supply, no beat on demand, probably very little beat on production… so basically you are putting money into an ETF that I'm guessing you also have no beat on what comprises it… because you think the natural gas price 'looks low'.
No offense… but… I'd wager you would all have a hell of a lot more fun utilizing that money gambling on March Madness or taking your spouse for a really nice dinner or something than gambling on an ETF and market fundamentals that you clearly aren't following that closely nor understand that well. Oh yeah… have fun filing your K1's next February and March too!
Anyhow, remember this post when after you've gone through 3 or 4 Futures rolls with UNG and realized losses that could have been a nice steak dinner with your spouse and decide to punch out.
Heres a good article. Looks like LNG production is going up, which should increase demand for US natural gas.txaggieacct85 said:btw. production increases supply. Not sure if you knew that.ATM9000 said:
3 pages about natural gas prices. Near 5 year high storage levels not mentioned once and if I asked any of you guys putting money into these ETF's how the Freeport restart is coming along… respectfully, I'd wager none of you could honestly answer without doing a quick Google search.
So… you have no beat on supply, no beat on demand, probably very little beat on production… so basically you are putting money into an ETF that I'm guessing you also have no beat on what comprises it… because you think the natural gas price 'looks low'.
No offense… but… I'd wager you would all have a hell of a lot more fun utilizing that money gambling on March Madness or taking your spouse for a really nice dinner or something than gambling on an ETF and market fundamentals that you clearly aren't following that closely nor understand that well. Oh yeah… have fun filing your K1's next February and March too!
Anyhow, remember this post when after you've gone through 3 or 4 Futures rolls with UNG and realized losses that could have been a nice steak dinner with your spouse and decide to punch out.
Fire-damaged Freeport LNG gets U.S. approval for partial restart | Reuters
Also, Euro nat gas is expensive, so if we could get some LNGs there, that would be good.
Liquefied natural gas - U.S. Energy Information Administration (EIA)
Looks like that LNG exported is critical since US production is ramping up and demand is dropping in the US
U.S. natgas output to hit record high in 2023, demand to fall | Reuters
U.S. natgas output to hit record high in 2023, demand to fall | Reuters
damn nat gas prompt month futures are looking bleak.
Henry Hub Natural Gas Overview - CME Group
but when Freeport gets back on track and warms up and fuels those Euros. demand should increase.
Henry Hub Natural Gas Overview - CME Group
but when Freeport gets back on track and warms up and fuels those Euros. demand should increase.
I think natty is gonna have challenges into second half of 24.
The problem with natty is you gotta be in and out of the position, too much available inventory (drilling locations).
Doesn't help when the Haynesville boys are bringing 30,000 mcf/d monsters on.
Looking your way Aethon.
The problem with natty is you gotta be in and out of the position, too much available inventory (drilling locations).
Doesn't help when the Haynesville boys are bringing 30,000 mcf/d monsters on.
Looking your way Aethon.
Featured Stories
See All
48:31
2h ago
1.7k
Cleveland selects KC Concepcion in first round, 24th overall
by Olin Buchanan
40:43
3h ago
2.0k
Three Things: First-round takeaways from Thursday in Pittsburgh
by Jason Howell
Infection_Ag11
Cleveland selects KC Concepcion in first round, 24th overall
in Billy Liucci's TexAgs Premium
43
Stros17
Cleveland selects KC Concepcion in first round, 24th overall
in Billy Liucci's TexAgs Premium
37
FrioAg 00
Cleveland selects KC Concepcion in first round, 24th overall
in Billy Liucci's TexAgs Premium
31
thegoodolag15
Cleveland selects KC Concepcion in first round, 24th overall
in Billy Liucci's TexAgs Premium
29