It simply makes no sense to knock this stock down 10% on speculation that it will be warm in 2 weeks! I could understand if they knock it down 3% but no way to rationalize a 10% haircut from a 90 day low already.
I'm sure SWN will turn north in an hour or two.
And I don't think a 5% cut off natgas prices to $3.30 is warrantied. We were $3.92 only 10 days ago. I can see oil down 2% but not natgas 5% since it has already dropped from $3.92 and we are below the 5 year average in storage with demand rising and production dragging.
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