Natural gas prices down 7% today but up 47% over 3 months; asks about staying long given seasonal cold patterns and AI demand.
speaker1
Phil Streible
Likes natural gas long-term; current drop due to milder weather forecast easing heating demand concerns; seasonally volatile period.
Phil Streible
High production (~109 Bcf/day in Dec) means high prices drive more drilling/supply; weather model shifts push prices down violently.
Phil Streible
Long-term AI demand supports prices; natural gas supplies ~40% of electricity for AI data centers via on-site power plants.
Exxon raised long-term guidance; stock up 3% while oil price flat/down; asks why divergence with XOP ETF up 4% vs oil down 2%.
speaker1
Phil Streible
Oil companies becoming more efficient; oil prices down due to global oversupply, weakening demand, China concerns.
Phil Streible
Oil commodity: resistance $60-61, support $58; break below retests lows.