/biz/ - Business & Finance

NAT GAS anons...

>BREAKING: EQT Corp., the largest US producer of natural gas, announces output cuts in response to "current low [...] price environment"

>EQT to curtail gross output by ~1 bcf per day to March, and 30-40 bcf net cumulative in 1Q (that's 6.5% cut to 1Q guidance at midpoint).
-https://twitter.com/JavierBlas/status/1764603474493198343

>>57538791
That's just trading /NG futures. But, you know, there's things like contract roll (aka dealing with contango and backwardation) and margin requirements to that. And your broker would probably need to approve you for it.

Getting a step simpler, there's UNG which is an ETF that deals with next month futures contracts: https://www.uscfinvestments.com/ung

And UNL which deals with a spread of contracts over the next 12 months: https://www.uscfinvestments.com/unl

Meanwhile FCG gives you exposure to nat gas companies (or you can sort through its holdings and choose some companies you think track spot well): https://www.ftportfolios.com/retail/etf/ETFholdings.aspx?Ticker=FCG

Lastly, as a disclaimer, trading nat gas is a very very very very very bad idea for you if you're asking this question. You *are* going to lose money.

>>55652608
+6.14% NRGU and DPST

Sold some BORR this AM in the taxable account, took a withdrawal. Then opened a short of CVNA at $45.40

>>55097632
>U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 711 VS 720 PREVIOUS

>U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 570 VS 575 PREVIOUS

Oil up +5.2%

nat gas down -6.4%

LOL
M
A
O

>>54149827
50s and 60s are in the cards.

>>53450210
There's a reason oil wells usually just flare the dino farts.

Natgas

/NG

>>53155216
Here's a helpful diagram if you ever need to clarify in the future.

My framework for the oil market is simple. If there are giant red candles, that is the nigger Joe Setpoint Market Biden manipulating it with the SPR.

If there are giant green candles, that is the healthy, efficient functioning of a free market.

>oil futures