Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
CL trying to move up today. Also watch NG as per the CL/NG ratio at extreme. Also COT for NG is very bullish. Potential for a huge short squeeze. These guys really believe NG is going down to 3 because of massive shale gas production. What they have not figured out however is that at prices below 4, the incentive for shale gas drilling is missing.
The biggest pure NG player (CHK) recently sold huge NG exploraton assets due to reduces ROI and moved to oil. So good to have it in mind.
Perhaps said knows a lot more because he is a seasoned energy expert.