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Hey Oil Barons.......

936horn

By 936horn
in Business and Markets

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Pescado_Rojo
Pescado_Rojo

I bet you could score a Lafayette 10 for a mani/pedi gift card and a pound of boudin right now.  I was sitting in a Starbucks by the med center in Laffy once, and a brand new white Escalade, lift

Rimbo
Rimbo

If you're Trump right now, you're watching Fox News, eating a cheeseburger, and getting mad about the lyin' media and preparing your next tweet about how some lupus treatment should be given to your s

fattyflattie
fattyflattie

My time finally came last Friday AM. I have survived around a dozen, give or take 1-2, since ‘08.  I was consulting for a project set to go in ‘22, but with all the uncertainty, it sounds like they’ve

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YGIFS

YGIFS 19449

Posted
Posted

There's more to trading than just the price.  There's even words to describe it.  Do you man, nobody gives a shit.  I was just commenting that swings happen to more than just oil.  Please enlighten us on how you and the Dukes cornered the commodities markets.  

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Blotto

Blotto 23485

Posted
Posted
4 minutes ago, YGIFS said:

There's more to trading than just the price.  There's even words to describe it.  Do you man, nobody gives a shit.  I was just commenting that swings happen to more than just oil.  Please enlighten us on how you and the Dukes cornered the commodities markets.  

I don't profess to know jack shit about commodity trading, but here's your quote

Quote

I’d say gold is more volatile in terms of price fluctuation

Which is a complete bullshit statement. If you didn't mean "price fluctuation", maybe don't say "price fluctuation" and then act like a cunt when you get called out

65784481_Screenshot_20221221_214728_Chrome2.jpg.45e1c891271f98ebb5fa2ab791996d9b.jpg

 

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Blotto

Blotto 23485

Posted
Posted (edited)

Screenshot_20221221_222505_Chrome.jpg.548eef7698bd5379cbcf7e5bd7f9b2a2.jpgIt was a conversation about natural gas trading that you jumped into, and I didn't even notice that your dumbass switched over to oil. Not that it really matters because my guess is any energy commodity will be more volatile on average than precious metals, due to the greater fluctuations of supply and demand. 

 

Edited by Blotto
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YGIFS

YGIFS 19449

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I switched over to oil?  Dah Fuck?   My posts #5600, #5602, #5604, and #5606 all clearly referenced oil from the get-go....not natural gas, never switched over from shit.  There was no sinister crossover.  Oil fluctuates and has trading volatility.  I get it.  Gold, historically, has had more.  It's not controversial.  We're talking about nothing.  Energy has baked in demand and as a result trading arbitrage.  Precious metals aren't necessarily needed more when it gets cold or summer travel season is upon us.  Apples and Oranges.  All I said was, in response to questions of volatility, is Gold has historically had more than Oil.  Your brilliant 9 month NG chart notwishstanding.  

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Fudge Nuggets

Fudge Nuggets 19184

Posted
Posted
On 12/21/2022 at 8:56 PM, Blotto said:

I don't profess to know jack shit about commodity trading, but here's your quote

Which is a complete bullshit statement. If you didn't mean "price fluctuation", maybe don't say "price fluctuation" and then act like a cunt when you get called out

65784481_Screenshot_20221221_214728_Chrome2.jpg.45e1c891271f98ebb5fa2ab791996d9b.jpg

 

Dude will never admit when he's wrong, so don't even bother.

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YGIFS

YGIFS 19449

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I admit the last 12 months of NG pricing were more volatile than that of Gold.  I whole heartedly admit it and confess to my sins.  

My point was a broader historical trend for Gold, but yes commodity pricing must only be taken in 12-month snapshots.  As we all know commodities have only existed in 1-year windows.  Gold's been around for awhile and fluctuated quite a bit.  But that's just me lying.  

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Tex48

Tex48 840

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Posted (edited)

I left my market risk job on a crude and gas desk last week to return to engineering at a major. I didn’t realize how much I missed the engineering side of the industry. 
Also I can now talk about crude markets again. Only scenario I see $90 WTI by month end is with a serious stock rally or other external event. I feel like we are in for more bad news in the markets which will pull down WTI. Plus fundamentals don’t support it.

 

Edited by Tex48
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Loop 1604

Loop 1604 227

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Posted (edited)

Natural gas is going no where fast either it seems. I’m not convinced that a couple of Feb/Mar cold snaps are gonna save us this time.

While we wait for the cold , storage continues building towards/above 5 year average volumes during this mild January. I see us hitting a low of 2.75 and heading back towards 4.50 by late Feb.

No idea about the rest of the year re: prices (who does?) I work at a gas-heavy south TX producer (small) so gas prices are always my main concern. 

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Hate

Hate 20106

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Anyone have any thoughts on the LNG industry? I’m about to take a job with a LNG company after telling myself that I would never work for an O&G company again. LNG seems like it is fairly insulated from the market volatility of the oil market. Am I wrong to think that and should I just stay at my tech firm job?

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Tex48

Tex48 840

Posted
Posted
11 hours ago, Loop 1604 said:

Natural gas is going no where fast either it seems. I’m not convinced that a couple of Feb/Mar cold snaps are gonna save us this time.

While we wait for the cold , storage continues building towards/above 5 year average volumes during this mild January. I see us hitting a low of 2.75 and heading back towards 4.50 by late Feb.

No idea about the rest of the year re: prices (who does?) I work at a gas-heavy south TX producer (small) so gas prices are always my main concern. 

Main driver I could see for high prices in the summer could be demand on the power side. I think 2021s summer was highlighted by low wind and lack of water for hydro. This drove natural gas demand especially in the southwest. As long as the southwest continues to be in a drought, I see support for high summer vol. 

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Guest

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Posted
Posted
On 1/12/2023 at 9:29 PM, Tex48 said:

Only scenario I see $90 WTI by month end is with a serious stock rally or other external event. I feel like we are in for more bad news in the markets which will pull down WTI. Plus fundamentals don’t support it.

image.gif.ba01551c21e990b363d2142c51314342.gif

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Captainant

Captainant 27620

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Posted
20 hours ago, Hate said:

OK...looks like I am back in the game.  What do we have to do to get LNG to an all time high for the next 10 years while also keeping gasoline low?  Thanks in advance.

Sell a shitload of electric vehicles. Them shits gotta charge off the grid, which is largely LNG fueled for thermal power

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Storm the Field

Storm the Field 5291

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Bout to be that time of year again. Less than 10 days until NAPE is once again upon us. Last year was the most fun in years after half a decade in the doldrums. Bakken party on Wednesday night last year was a downright rager. 

Looks like this year should be just about the same. Almost everyone I've seen is basically hosting the exact same events they did last year.

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Posted
Posted
3 hours ago, Storm the Field said:

Bout to be that time of year again. Less than 10 days until NAPE is once again upon us. Last year was the most fun in years after half a decade in the doldrums. Bakken party on Wednesday night last year was a downright rager. 

Looks like this year should be just about the same. Almost everyone I've seen is basically hosting the exact same events they did last year.

Fuck you NAPE. I hate you. 

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BTW

BTW 370

Posted
Posted

I'll be at NAPE for the first time several years.  When I say "be at NAPE" I really just mean, I'll be in downtown Houston on Feb 2nd. I'm definitely not planning to subject myself to the actual expo. 

Although there are some fond memories from the expo in the past.  Like at the Wednesday icebreaker, only minutes after meeting @immamac in person for the first time, I blasted some unsuspecting lady with a dodgeball in an effort to win a ford pickup ... good times.  

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Posted
Posted
26 minutes ago, BTW said:

I'll be at NAPE for the first time several years.  When I say "be at NAPE" I really just mean, I'll be in downtown Houston on Feb 2nd. I'm definitely not planning to subject myself to the actual expo. 

Although there are some fond memories from the expo in the past.  Like at the Wednesday icebreaker, only minutes after meeting @immamac in person for the first time, I blasted some unsuspecting lady with a dodgeball in an effort to win a ford pickup ... good times.  

The icebreaker, huh?

What was imma doing there?

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