- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: BOIL has become predictable
Posted on 1/6/15 at 8:27 am to southernelite
Posted on 1/6/15 at 8:27 am to southernelite
I wouldn't change sides at this point. I would, and have been playing short term short trades though.
Just what I do. If I lose on the bull trades I'll be disappointed, but I've been a net winner on this trade in the aggregate.
I think we can still see $4 natty gas in Jan. Uncle Sug still thinks this as well, but the gubmit's estimates have been as accurate as every one else's estimates, so again, who really knows?
Just what I do. If I lose on the bull trades I'll be disappointed, but I've been a net winner on this trade in the aggregate.
I think we can still see $4 natty gas in Jan. Uncle Sug still thinks this as well, but the gubmit's estimates have been as accurate as every one else's estimates, so again, who really knows?
3
Posted on 1/7/15 at 8:38 am to Iowa Golfer
I'm worried about tomorrow's injection report. Whatever rally we see between now and then I feel is short lived, as the injection report will be similar to last weeks, or possibly worse. If so, I fear we see sub $3. The current cold weather won't be reflected until next week, and hopefully it sticks around for a while, but I fear between now and then the pain will continue.
I'm thinking out loud, and have been terrible about predicting anything with this, but is my logic off? What do others think?
I'm thinking out loud, and have been terrible about predicting anything with this, but is my logic off? What do others think?
Posted on 1/7/15 at 8:56 am to rintintin
quote:
rintintin
My guess is that we see a rally after the injection report tomorrow knowing that next week's draw should be near record level. After next week's report then I think we see a downtrend as cool not cold weather comes back into the forecast for mid to late January.
Posted on 1/7/15 at 11:09 am to Iowa Golfer
quote:
I think we can still see $4 natty gas in Jan.
What price would this put UGAZ at?
Posted on 1/7/15 at 11:15 am to I Love Bama
I don't have any read on the market due to the oil collapse........but I do know I've bought UGAZ down to 6.50..........18k shares.....maxed out. 
Posted on 1/7/15 at 11:23 am to L S Usetheforce
may the force be with you and your 18,000 shares.
Posted on 1/7/15 at 11:29 am to L S Usetheforce
quote:
18k shares.....maxed out. ?
Not to make light of your plight, but reading that makes me not feel so bad about my measely 1,000 shares or so.
Posted on 1/7/15 at 11:49 am to rintintin
Shot my last wad today, added another 50% to my position
Cash prices are climbing, pipelines are issuing flow orders, but it remains to be seen if it's enough to push up futures - it'd be great if this weather could push the curve up. UGAZ is going to start rolling into March any day now
Cash prices are climbing, pipelines are issuing flow orders, but it remains to be seen if it's enough to push up futures - it'd be great if this weather could push the curve up. UGAZ is going to start rolling into March any day now
This post was edited on 1/7/15 at 11:55 am
Posted on 1/7/15 at 12:04 pm to sneakytiger
Not to change the subject, but I did start a position in UWTI. I will add with every dollar oil drops.
Posted on 1/7/15 at 12:05 pm to rintintin
well I had been trading the damn thing and killing it buying at 12 and selling @ 15.........then the saudi announcement and my 12.50 price point was hurt.......so I bought at 9.......then 7.........then 5............and lastly at 3.90
SO YEAH.........I'm feeling the heat.
Luckily I had 2000 shares of dgaz at 2.68 and that gave me some last cash.
SO YEAH.........I'm feeling the heat.
Luckily I had 2000 shares of dgaz at 2.68 and that gave me some last cash.
Posted on 1/7/15 at 12:20 pm to Iowa Golfer
quote:I don't.
I think we can still see $4 natty gas in Jan.
Posted on 1/7/15 at 12:24 pm to LSURussian
Unfortunately I dont either............3.50 maybe.
Posted on 1/7/15 at 12:24 pm to I Love Bama
quote:$6.00-$7.00
I think we can still see $4 natty gas in Jan.
What price would this put UGAZ at?
Posted on 1/7/15 at 12:24 pm to L S Usetheforce
quote:I agree.
.3.50 maybe.
Posted on 1/7/15 at 12:24 pm to LSURussian
4 dollar natural gas puts UGAZ around 14....fyi
Posted on 1/7/15 at 12:28 pm to L S Usetheforce
A 33% increase in nat gas price translates to a UGAZ price increase of 250%? I thought UGAZ is 3X? 
ETA: On Monday of this week nat gas hit $3.16 which is about 30 cents above where it is now. And UGAZ hit $4.62 high on Monday which is about 95 cents from where it is now....pretty close to the 3X that UGAZ tries to do.
So if nat gas goes up approx $1.15 from here, you're saying UGAZ will go up over $10/share?
Something is not adding up for me on that....
ETA: On Monday of this week nat gas hit $3.16 which is about 30 cents above where it is now. And UGAZ hit $4.62 high on Monday which is about 95 cents from where it is now....pretty close to the 3X that UGAZ tries to do.
So if nat gas goes up approx $1.15 from here, you're saying UGAZ will go up over $10/share?
Something is not adding up for me on that....
This post was edited on 1/7/15 at 12:38 pm
Posted on 1/7/15 at 12:32 pm to LSURussian
Ugaz is 3x S&P GSCI natural gas index....spot price is just an indicator.
It wouldn't happen now that I've researched based on what they hold in crude.
It wouldn't happen now that I've researched based on what they hold in crude.
This post was edited on 1/7/15 at 12:38 pm
Posted on 1/7/15 at 12:37 pm to L S Usetheforce
Please read my edit above which I made while you were replying to me and please let me know where my math is wrong. How else can I learn?
Posted on 1/7/15 at 12:38 pm to LSURussian
You are correct because of the crude collapse the precipitous fall in UGAZ is directly tied to that........
So yes no way UGAZ bounces back to what it was trading at when NG was 4.20s in nov due to oil prices.
So yes no way UGAZ bounces back to what it was trading at when NG was 4.20s in nov due to oil prices.
Posted on 1/7/15 at 12:40 pm to L S Usetheforce
now if oil is back up to 80s by summer and NG is 3.50s UGAZ will likely be above 8
Page 95 of 135
Popular
Back to top
Follow TigerDroppings for LSU Football News