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Re: acrazjo post# 7022

Sunday, 10/23/2016 10:16:15 PM

Sunday, October 23, 2016 10:16:15 PM

Post# of 18980
As it stands now I'm assuming a 3% reduction in sp tomorrow. DGAZ is now 100% in December . This 15% contango is great news because as the November contract rolls into December Thursday, it should normalize towards where it was Friday. Not saying NatGas Dec contracts goes sub 3.00, but 3.23 is not out of the question. This 5% drop in Nat Gas (3.40 to 3.23) would result in about 15% increase and bring DGAZ to $5.33 or so.

Makes sense?
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