Mon 31 Jul 2006
Check out the latest price performance of Natural Gas. It’s at $8, up almost 33% since the mid-July low around $5.50. It’s still well off its 52 week high of $15 last December. (An end-of-day continuous contract chart is here.)
Goodness, I knew natural gas was a bargain at $5.50, but damn, that’s a bit of a price spike. You can see the payoff in natural gas stocks like Chesapeake Energy and Encana.
August 1st, 2006 at 11:53 am
And did you see the amazing whip to day? Sep. futures went from 8.14 to 7.03 back to 8.02 in 10 minutes. Not sure if that’s a misquote or not because limit down is supposed to be $1. Maybe that’s what happened to cause the spike back up.