RE: Downtrend lows?18 Nov 2024 07:55
TXP gonna move up soon imo. They have spent a fortune on infrastructure which is now working. Hooking up wells now and about to drill for more production from same pads. 31p is a bargain imo! I am holding my core position there and expect it to go back over 100p next year.
Just read this on US gas - which is one of the reasons I hold DEC…(posted by pickedpeck on DECBB)
“ While delays such as this postpone one source of new short-term demand, our medium-term outlook remains unchanged. U.S. natural gas trades at an 84% discount to its energy equivalent, making it the cheapest molecule of energy on the planet. Gas for delivery in Europe remains $12 per mcf, while Asian LNG fetches $13.50 per mcf, compared with $2.00 in the U.S. As new LNG demand comes online and production continues to disappoint, inventories will continue to tighten, pushing prices toward the global benchmark. We cannot recall a more asymmetric investment opportunity than U.S. natural gas.”
https://blog.gorozen.com/blog/us-natural-gas-production-is-plummeting
Worth a read.
Usual caveats
Trek