But last week it went over $4.00 and today futures show natural gas up another dime to over $4.10. I opined sometime ago that if natural gas went above $5.00 some of the energy companies would be outstanding buys for investors. Especially companies like EOG, a prominent Bakken company.
I assume the recent rise in price of natural gas is somewhat seasonal, as we approach winter.
Time will tell.
Updates
Update, November 3, 2010: Price-wise, is the worst over for natural gas?
Update, November, 1, 2010: That (natural gas above $4.00) didn't last long. Natural gas closed well below $4.00 today. Note also this bearish article on natural gas.
the component to watch is the amount of NG used for Electric generation. the other would be industrial load.. these are the 2 largest users of NG.
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