Morning Update – May 13, 2020

I had gotten billed for some hosting for another website my wife and I manage, heifertrailrun.com. I migrated that site to the same hosting as this site to save some money. While on text with the tech, he hooked me up with some changes to make this site run a little safer? I feel at least up to par now.

Before I get a call; it seems gas is testing lows. Without more major melt downs in LNG, I don’t think we’ll see a break for new lows. Mother….. someone wants something already. I don’t get paid enough for this shit. Relied upon as if I’m an engineer without the benefits. I may be back. I’m interested in buying on more weakness, but be patient today.

I see a combination of LNG exports are still weak and looking to get worse. Production cuts are in, but maybe there are more to come. What’s bearish is that we don’t know how much will get cut and for how long. If Oil is going to bounce back, and LNG exports are going to continue to weaken, this leaves a larger than normal unknown amount of gas balance. As in we don’t know how much supply or demand will be cut or rebound going forward. It’s a bit more of a gamble at this point eh? Then there is weather. I’ve warned weather is turning to be more the norm. Now we will have a true picture of demand without extreme HDDs in play. This is bearish on the surface because demand will drop. Seems I’ve also heard cash price has fallen, this will help drag prices for June lower. So it may take more to pull out with a gain.

holding 30% of funds in UNG with an average of $12.73

gotta go. Be Patient today. good luck

Oldinvestor