Cardboard Posted October 16, 2017 Author Share Posted October 16, 2017 What is new here? Manipulation and panic of natural gas prices in a tiny marketplace? This commodity has been a widow maker for many hedge funds in the past who have tried to speculate in the more liquid NYMEX market. Now imagine in the Alberta or NOVA market??? There has been none of that whatsoever in Chicago or at other major NA delivery points. What you have is people (storage companies) taking advantage of producers who have two choices: take what is offered or shut-in production which includes higher revenue oil since flaring of natural gas is illegal in Alberta. With producers having no storage capacity and no other pipeline/market for their natural gas, selling it for a negative price for a few days is not as crazy as it sounds. Cardboard Link to comment Share on other sites More sharing options...
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