AOE 0.00% $4.68 arrow energy limited

Hey there Lapdog, very nice work. I don't trade AOE but I trade...

  1. 2,013 Posts.
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    Hey there Lapdog, very nice work. I don't trade AOE but I trade Natural Gas quite alot. Natural gas rigs are being aken off the market to tighten up supply at this point there are over. Pls don't take this as a know it all reply but be mindful on a few things regarding NG.

    - SOme of the recent upmove was due to a hurricane moving across the Gulf of Mexico or Tropical storm Ida, no damage reported and did not interrupt supply. The recent upmove was mostly on short covering and there is no reason reason to long Natural gas based on generic demand, there is none.

    - Natural gas storage keeps making new highs and now stands at 3.8 trillion cubic feet [there is alot of NG out there]

    - Mild wheather in the US isnt assisting demand.

    - Market is oversold and due for a bounce after sinking 25% over the past 3 weeks but needs very cold whether to start kicking to boost residential deman as industrial demand for natural gas has been very weak despite its low prices.

    Hope this helps.
 
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