It is, had a little pull back this week bears getting happy happy, they are getting very sad now.
If they would have done one iota of DD they would have known damage like that, means construction in EU USA and shipped to Saudi, where do they think the stuff was built in the first place, that isn't buy off the shelf or patch it up.
And we have still yet to hear a peep in the market/media about those 2 billion cubic feet per day that aren't and will not flow til this game is done.
And another thing, ships are being rerouted and have been since this started further screwing the pooch. Thos freighters don't just turn on a dime and hustle to the new place.
This thing should be trading 12/13 and popping to 14/15 every once in a while.
It's tick tick time, winter is coming and gas isn't so over the top flooding the market anymore.
But we shall see. Either way IMHO we were headed to 10-12 land by November anyway, this may just put some giddy-up in her.
But why this thing has been priced so well below its peers for so long with 2 straight years of increasing numbers and beating the street estimate time after time and many times not just beating it, destroying it.
Peace out.
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