Natural Gas price with chart

[sandybeachs]

seems as though we are starting to see some improvement. which i'm sure many are happy.

see below daily chart 6 months.

 

[Nero64]

Hi Sandy,

What are some good natural gas plays:

I can think of a few smaller oil and gas companies, but not sure if they do natural gas primarily.

thanks

 

[Pager]

Hi Sandy,

What are some good natural gas plays:

I can think of a few smaller oil and gas companies, but not sure if they do natural gas primarily.

thanks

UNG, this is an ETF that trades in the US on the NYSE, correlates very well to the price of Natural Gas.

There are other ETF,s that trade in the US for other resources like USO (Oil), GLD (Gold), SLV (Silver), JJC (Copper).

 

[sandybeachs]

Re: Natural Gas price with chart..looking for natgas plays

Hi Sandy,

What are some good natural gas plays:

I can think of a few smaller oil and gas companies, but not sure if they do natural gas primarily.

thanks

hi Nero64

perhaps we can call on a few people in here which may help us with "natural gas plays"

 

[Sir Osisofliver]

UNG, this is an ETF that trades in the US on the NYSE, correlates very well to the price of Natural Gas.

There are other ETF,s that trade in the US for other resources like USO (Oil), GLD (Gold), SLV (Silver), JJC (Copper).

Hmm.

Ok guys you know that Oz doesn't have a National Gas market yet right?

You are also aware of course that very few companies actually export their gas (At least until the Gladstone LNG plant/portsite becomes active) right?

So at present a lot of the gas producers a) sell their gas internally at long term contract prices (which is private information) and b) until we have a proper export pricing point the prices have very little correlation to the international spot price.

Cheers

Sir O

 

[rederob]

Natural gas was in freefall overnight, along with most other mineral commodities. Last night's dip was the deepest since we came put of the GFC:

The longer term perspective is quite interesting, as shown in the weekly chart:

My view is that we are into a new paradigm unless Russia is let off its leash. Gas is seen as the transitional energy source from coal, so its demand is set to continue increasing this decade. Pipelines and LNG trains take years plan, then build, so there is no magic wand that can be waved to fix this.

 

[frugal.rock]

Oh dear...
A gassed up weekly looking like breaking up

 

[Smurf1976]

A gassed up weekly looking like breaking up

Bearing in mind that chart's for the US.

For LNG on international markets it's far higher:



Source = Australian Competition & Consumer Commission (ACCC) published 16 August 2022 and freely available on the ACCC's website.

So we're looking at prices circa AUD 70 per GJ over the next few months. To put it into perspective, that's equivalent to oil at just on USD 300 per barrel or more than triple the present actual price of oil.

Or I could say it's equivalent to AUD 2.70 per litre of diesel. For reference the actual wholesale price of diesel is presently AUD 1.43 per litre (location = Sydney and excluding excise and GST, source = Ampol).

So it's actually cheaper to fire a boiler with diesel or even jet fuel than to run it with gas these days, a truly incomprehensible concept from an historical perspective.

 

[Country Lad]

So it's actually cheaper to fire a boiler with diesel or even jet fuel than to run it with gas these days, a truly incomprehensible concept from an historical perspective.

Interesting observation @Smurf1976. Many years ago in the initial days of CSM, the 2 Townsville peaking generators ran on diesel or jet fuel. It was the time of very high electricity prices and shortages and on a few occasions we nearly ran Townsville dry of diesel and jet fuel by running 3 B double tankers to each of the generators around the clock. So the gas pipeline from Moranbah to Townsville built and the generators converted to gas fired. Logical economic decision at the time as the gas supply contract was for $2.50 per Gj. Probably now want to run them on diesel.

 

[noirua]

China Is Aggressively Buying Up Cheap Russian LNG at a 50% discount

Bloomberg reported that Russia is still selling liquefied natural gases from Sakhalin-2 in the Far East to China at half the price and still making profits, citing unnamed traders. Russia

www.share-talk.com

 

[Dona Ferentes]

and here's how Europe is coping (in relative terms)

 

[UMike]

and here's how Europe is coping (in relative terms)

Is it possible to find out the second half flow Dona?

 

[Dona Ferentes]

Is it possible to find out the second half flow Dona?

Can't remember where I found that. Sorry

 

[frugal.rock]

A grand bargain to steer through the European Union’s energy crisis

The current crisis looks set to leave behind it a radically different system, but what that system will look like remains an open question

www.bruegel.org

Publishing date 06 September 2022
Authors Ben McWilliams Giovanni Sgaravatti Simone Tagliapietra Georg Zachmann

 

[UMike]

Super thanks. I googled the Authors but everything is hidden behind a pay wall.

The has been a massive change over the last 6-8 mths.
Virtually making the above research redundant.