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Questions and comments under The Wrap will be addressed in the Monday post.
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There were no trades last week. The Blotter is updated.
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Be safe, stay home (or like us go to wide open spaces with no people), and wash hands.
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Pretty striking to see the NG short position unwind from over 500,000 short to 300,000 and have NG price still be destroyed.
a YOLO bet may be presenting itself.
I don’t usually do YOLO bets but other bets have had similar results so i may have to consider it. ha!
March 29th, 2020 at 12:47 pmre 1
- margin requirements were increased.
- fundamental improvement not yet in collective energy mind thinking.
- supply was off 1.5 Bcfgpd YoY last week
- thought of natural gas associated with potential oil well shut ins also not from what I can tell in the collective thinking, certainly have not seen the energy media note it.
March 29th, 2020 at 1:05 pmI agree with you re Nat Gas. Looking forward to a gassy update.
March 29th, 2020 at 2:01 pmRE 2: How much will flared natgas substitute for associated natgas that becomes shut-in, freeing up the takeaway capacity for natgas?
March 29th, 2020 at 2:32 pmThe Monday post will be out around 1 am EST.
March 29th, 2020 at 4:36 pmPXD and EPD are asking producers to voluntarily reduce production. Storage capacity limits in sight.
March 29th, 2020 at 4:36 pmre 6 – addressed in the subscriber mailbag in tomorrow’s post.
March 29th, 2020 at 4:51 pm$20 test in progress.
March 29th, 2020 at 5:41 pmMid-Cush April to -$8.
Shut ins can’t be far away.