The Exception

Wall Street is a ruthless place.  By the end of the week we’ll be reading stories about funds and traders caught leaning the wrong way with leverage.  The rumors are flying around Manhattan and Greenwich desks as I type.  The sharks will lean on the positions of the weak until capitulation.  Some players will be taken out on stretchers, perhaps including John Paulson.

Asset prices tend to move in unison.  Natural gas is the most glaring exception as it operates in its own world.

“The Oil to Natural Gas ratio is still crashing.”  J.C. Parets

A friend with a dormant blog does a lot of information gathering, sharing and analyzing.  He remains wickedly bullish.

“Until the storage deficit is reduced more significantly, prices are likely to remain supported.”  Kyle Cooper

Bullish signs for natural gas at the Financial Post.

Buy natural gas, Jeremy Grantham says at the Globe and Mail.

“Cheap natural gas is crowding out coal.” (Washington PostYear-to-date natural gas use for electric power generation is down from 2012 at the EIA.

How to Convert the Country to Natural Gas by T. Boone Pickens at Business Week.  I strongly feel the industry is better off getting there without government help.

About natural gas storage at RBN Energy.

The top five oil industry facts:  Forbes.

“Brent crude fell to its lowest level in nine months and West Texas Intermediate dropped below $90 a barrel, as economic growth eased unexpectedly in China, the world’s second-largest crude consumer.”  Bloomberg

World Primary Energy Consumption in Quadrillion BTU 2001 - 2011

“Satellite-TV provider Dish Network Corp. is making a $25.5 billion bid for Sprint Nextel Corp., an effort to derail the No. 3 U.S. wireless carrier’s acquisition by Softbank Corp. of Japan.”  (WSJ)  This brings back nostalgic memories from a decade ago!

3 thoughts on “The Exception

  1. I Sprinted for my first Dish (GF)…May be they will call the new company – Sprintish or Hot Dish…In either case, both excel in providing some of the worst customer service know to man..

    • The irony is Verizon Wireless has more in annual EBITDA than the entire valuation of Sprint/Nextel. These capital intensive industrious are winner take all…

      My vote is for Comcast for worst customer service.

Comments are closed.