[KJF]

Originally Posted by Contango As someone currently net short, it was nice to get up and see $32.7342 set as today's pre-market price by horizon as the NAV per HND unit. KJF, etc., I presume they calculate NAVs using yesterday's pit close as opposed to NG prices at the time of yesterday's stock market close (i.e., the last traded prices of HNx for the day)? If someone could shed some light on this, I'd appreciate it. link to NAV/unit levels: http://www.horizonsetfs.com/pub/en/ETFs.aspx

Hi contango....check directly w/Horizons on their methodology...I've found them to be very good in providing info...

[nofo]

ok the pivot is being breached and is not being held convincingly, we should be good cmon S1...

My Gut tells me there is just too much surplus to burn, how can the possibly dump it, unless they shut down everything for 30 days... If we get injection sooner rather than later... Hnu will be reverse splitting again.

Loaded up with both barrels x 6 = 12D/0U on HND in the rundown yesterday.

was that a short cover yesterday?

[TomJoseph]

Originally Posted by KJF Good Morning TJ...have you been following these guys (fxempire) for awhile?...are they credible?....I've seen them b4 but just haven't taken the time to watch them ....

one of the resources which I look daily for price direction last few months looks OK..... more bearish direction and occasionally bull, technically good.

[Contango]

I thought this was the case as well but will take K's advice and confirm. The crazy thing is that NG was trading at 2.301 when the stock market closed at 4 pm yesterday so one would think that HND would be trading higher than 32.7342 now because NG is around 2.285. I believe the close of electronic trading at 6:15 pm yesterday was also above 2.29 (i.e., above current prices). IF you and I are correct about when they calcluate the NAVs, savy traders must be laughing their asses off buying cheap D this AM.

Originally Posted by Meltom It is off the TSX close at 4pm EST.

[KJF]

Originally Posted by nofo ok the pivot is being breached and is not being held convincingly, we should be good cmon S1... My Gut tells me there is just too much surplus to burn, how can the possibly dump it, unless they shut down everything for 30 days... If we get injection sooner rather than later... Hnu will be reverse splitting again. Loaded up with both barrels x 6 = 12D/0U on HND in the rundown yesterday. was that a short cover yesterday?

Hi nofo...Frisky Friday Fever hit you early?...J has to fall thru 2.24 but there seems to be a few Fri Bulls putting up a good fight so far....RE: HNU reverse...last time was around 2.50 (Nov'11)...

[nofo]

Originally Posted by KJF Hi nofo...Frisky Friday Fever hit you early?...J has to fall thru 2.24 but there seems to be a few Fri Bulls putting up a good fight so far....RE: HNU reverse...last time was around 2.50 (Nov'11)...

So what was it all about yesterday EOD...?

[KJF]

Originally Posted by KJF ...holding 1 U @ ave 2.96/2 D (1 core @ 12.42/1 K trader @ ave 26.03)/2ca$h-3margin avail

..OK...will start w/this...

...& buy 1 D @ 32.59/2.277?J....showed some R here y'day....looking for 2.26/2.25....hold 1U/3D...

[ExAlbertan]

Published: Mar 08, 2012

(Dow Jones) It will be 5-10 years before North American natural-gas prices get back to $5/thousand cubic feet, Canadian Natural Resources (CNQ) CEO Steve Laut tells Dow Jones. "We know there is a tremendous amount of gas in North America," which will cap prices for some time. "And we think it will take that long before you see increased demand." Still, CNQ only plans to shut in a tiny fraction of its output, saying it still makes money at prices below $2. (edward.welsch@dowjones.com)

Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com

[TomJoseph]

Originally Posted by ExAlbertan Published: Mar 08, 2012 (Dow Jones) It will be 5-10 years before North American natural-gas prices get back to $5/thousand cubic feet, Canadian Natural Resources (CNQ) CEO Steve Laut tells Dow Jones. "We know there is a tremendous amount of gas in North America," which will cap prices for some time. "And we think it will take that long before you see increased demand." Still, CNQ only plans to shut in a tiny fraction of its output, saying it still makes money at prices below $2. (edward.welsch@dowjones.com) Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com

Rig count less than 600 will be turning point now it is 691.

[KJF]

Originally Posted by nofo So what was it all about yesterday EOD...?

HI nofo...you still awake?...not as much 'fun' 2day, Huh?....