Replies to post #4785 on Chesapeake Energy Corp (CHK)

[dwms07]

I can't believe natgas dipped to $2.53.7 and UNG dipped to $7.46 -- just bought 30K more. Now have 60K with zero CHK. UNG trades just under 3 times natgas which is now at $2.54/mmBtu

If we can get natgas to $5 even if for only a 3 hour spike, UNG will sell for about $15... So is there a chance natgas could spike to $5 during a big snow storm along the Atlantic Coast? I think so.

There are a lot of scientists arguing on whether we are entering global warming or headed towards a mini ice age. Good points on either side. The only thing that makes global warming look suspicious is that our government will sponsor any study saying it is true, but will not sponsor to opposing opinion.

Sounds like a government conspiracy to cover-up the coming ice age.

I do expect a bit of warm for the next 2 weeks, but a big turnaround will come December. January and February will be freezing cold.

One element to look at in October is snow cover that has already established itself across Siberia. Below average snow can lead to a milder winter for the east coast and a higher than average snowfall results in a colder than average winter in the US. This year the snow cover is already well above average which may lead to a blocking pattern over the Arctic. Cold air being like molasses will have no place to go and thus drifts down across eastern Canada and the eastern US.

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