Cold Snap + Big Natural Gas Stockpile = Rising Prices

This is just a very quick follow up today to my column of Jan. 9, advising a buy of natural gas stocks on the back of a quick drop in stockpiles. I still think there is time yet for these stocks to perform, despite their admittedly slow performance so far.

We pointed out on Jan. 9 the excessive expectations of natural gas traders coming into the start of the year -- seeing enormous drops in stockpiles finally dropping below five-year averages for the first time in several years. We also pointed out in that column the unbelievable speculative long positions in natural gas, waiting for those stockpile shortages to convert to a big rally in natural gas. Instead, what the traders got was a wash out, seeing natural gas prices move from close to $4 per thousand cubic feet to $3.20 on Monday....242 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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