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Natural Gas: Groundhog Day

In the movie Groundhog Day, Bill Murray plays a news reporter caught in a time loop - repeating the same day over and over again. Since a brief rally in November, it has been Groundhog Day for natural gas, every day is the same - the price moves lower. Even as Punxsutawney Phil saw his shadow and crawled back into his hole signaling six more weeks of winter last week, natural gas continued to make new lows. Even as cold and snow grip the eastern United States, where a huge percentage of the population lives, natural gas cannot manage a rally. Natural gas has not been a groundhog, it has been a pig.

New lows despite cold weather

Dopey bulls like me waited all winter for cold, snow and ice to sweep across the U.S. When the frigid temperatures and snow finally arrived over the past week, the natural gas… Read More …