PSA petsec energy limited

day ahead usa ng prices web site, page-8

  1. 3,353 Posts.
    re: need a bit of info from you terry!!! That large seller is using Auststock and held the price at $1.25 2 Mondays back and no-one could get past them. Once they are cleared away, it would help, but market sentiment is still very bad in general.

    One potential filip could be the hot US summer expected. If they have to generate an extra 5-10% electricity above the norm, and that apparently is all gas fired, then prices could shoot up just as new Vermillion stuff comes online at end of July. They better have that ready to go on time!!

    Fundamentally, still good buying.
 
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