Goldman Closes Nat Gas Short, Sees Higher Prices Ahead

Tyler Durden's picture

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Tue, 06/28/2011 - 09:46 | 1408512 glassmaker
glassmaker's picture

Maybe their researchers read the Sunday NYT article about natural gas and thought it would negatively impact their bad recs even more.

Tue, 06/28/2011 - 10:58 | 1408782 Temporalist
Temporalist's picture

Maybe they are fading Cramer he said yesterday that there is too much Nat Gas.

Tue, 06/28/2011 - 09:53 | 1408528 Atomizer
Tue, 06/28/2011 - 09:57 | 1408546 Forgiven
Forgiven's picture

I saw that GS was accumulating Norse Energy (NSEEY).  I wonder if the nat gas opinion change will lift Norse?  They hold 180K acres of Marcellus Shale nat gas leases in NY and have reserves of 3.7Tcf.  Everyone is waiting on whether NY DEC will permit fracking.  If so, I think things could get very interesting.

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