Friday, March 04, 2016 1:05:42 PM
"NG is more sensitive to builds than crude because storage and transport of NG are totally different. NG is a lot harder and more expensive to store than crude. NG salt caverns have to maintain certain capacity limits and pressure sensitive. And transport via pipelines for NG vs tanker trucks and rail for crude are costlier. At certain times there has been no place to store it and you can imagine what that does to the prompt month price. At current spot price its lower than cash market price when times when storage was at capacity. A important reason I think its close to a bottom"
Just wanted your thoughts on this. Me...I'm grabbing anything close to 30 DGAZ as I can get my hands on. I think we're gonna see 1.50s if not lower before May/June
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