UGAZF News and Press, VS 3X NAT GAS From 09/11/20

The candidates for President of the United States are out there on the campaign trail. Now that the summer has ended, and the Labor Day holiday weekend is in the rearview mirror, we are in the final stretch to the November 3 contest. The candidates will debate over the coming weeks, which is l...

Welcome to the bearishness is in edition of Natural Gas Daily! We covered our UNG short today at a gain of ~6.7%. October futures hit our target of $2.3-2.35 today, and given the latest fundamental developments, most of the bearishness is priced in. Looking back, the market did get ahea...

Between 2018 and 2019, utilization rates at the Malaysia LNG (MLNG) complex have fallen to between 80% and 90%, a decrease from the high utilization rate, typically above 95%, which the liquefaction facility has historically maintained. This downward trend is expected to continue into 2020 as ...

The Weather Last week Last week (ending September 4), the number of cooling degree days (CDDs) plunged by 22.8% w-o-w (from 100 to 77). We estimate that total energy demand (as measured in total degree days, or TDDs) was 6.8% below last year's level but 9.2% above the 30-year average....

Lower oil prices and production have undoubtedly been the focus of many energy investors over the last few months. Even with the recent stabilization of WTI crude around $40 per barrel, oil prices are still well below pre-COVID levels. However, another less frequently discussed side of energy ...

Welcome to the still crappy edition of Natural Gas Daily! US LNG exports are picking back up again, and Henry Hub cash has increased back to $2.35/MMBtu. But October futures are finally dropping, reflecting the weak near-term fundamentals (as reflected in cash already). And now, if you c...

In last week’s natural gas piece on Seeking Alpha , I wrote, “ With the price of natural gas at just below the $2.70 per MMBtu level on August 28, inventories at a substantially higher level than at this time in 2019 and the five-year average, and with three months to go in the ...

It has been a rough stretch for US liquefied natural gas ((LNG)) exporters dealing with pricing woes, the demand impacts of COVID-19, and even a hurricane landfall on the Gulf Coast near major facilities. However, LNG fundamentals have shown signs of improvement lately. Today's piece broadly u...

Welcome to the reasons edition of Natural Gas Daily! The natural gas market, as we wrote yesterday, continues to be in a tug-of-war type of situation. The best performing contract has been the November contract, and there are a host of reasons why this has been the case. For starters, Oc...

The Weather Last week Last week (ending August 28), the number of cooling degree days (CDDs) increased by 10.7% w-o-w (from 90 to 100). We estimate that total energy demand (as measured in total degree days, or TDDs) was as much as 29.5% above last year's level and 29.1% above the 30-yea...