Morning Thoughts – Pile back on

LNG is the only thing keeping gas above $2 right now. Production is down, no doubt, but Res/Commercial demand and Power Burn Demand are down year over year just as much. If not for the strength in LNG demand, this ship would be sunk.

With that said, Asian pricing has shown there must be a great demand for LNG over seas… This should be a sign that exports will continue. European storage also continues to be in better shape surplus wise than the US. As in, Europe is using more of their gas storage.

I’ve mentioned I will be cutting back on posts, except when something arises. Something has arisen.. more opportunity.

I never did sell my last 100 shares of UNL.

My posistion as of pre-market 12/28/2020

I’m going to buy 100 shares of UNG here. That is roughly 33% of my account value. This move down is something of a liquidation. I think it’s a bit overdone. I will probably be wrong and Natgas prices may very well move closer to $2…. Nonetheless; I am a buyer.

New positions as of pre-market 12/28/2020

I’ll hold here and see what this week has in store.

OH!, and this move is mostly weather related. I accept and admit prices probably are not coming back quickly. Now to wait and see what happens next. Good luck


oh, and I had mentioned I would dump UNL on a move lower, but the market moved too quickly for me to respond. I will simply hang on from here. I may take a loss on UNL if UNG will swing me a profit soon. I cannot say for sure yet. Just waiting to see what the market does this week.

Leave a Reply