Trading Alert : Cold weather Profits at Quicksilver ( KWK)

This Thursday – watch the natural gas  storage withdrawal numbers.

The record cold in large urban areas has lifted nat gas prices – but real profits need both January and February cold to drive storage down and the commodity price up.

Gas slipped 0.3 percent as Commodity Weather Group LLC in Bethesda, Maryland, predicted above-normal temperatures in the eastern two-thirds of the U.S. from Jan. 12 through Jan. 16 after below-average readings this week. The low in Columbus, Ohio, on Jan. 12 may be 35 degrees Fahrenheit (2 Celsius), 12 more than usual, according to AccuWeather Inc. in State College, Pennsylvania.

“The longer-term forecasts are showing above-normal temperatures from Texas to Pennsylvania,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “The market is treading water.”

Natural gas for January delivery fell 1.3 cents to $4.293 per million British thermal units at 1:29 p.m. on the New York Mercantile Exchange after rising as high as $4.43. Trading volume was 39 percent above the 100-day average. Prices are up 31 percent from a year ago.

Quicksilver Resources is battling a 24 % short interest determined to keep the price from rising but in the short term , at least the weather man is against them.

Jack A. Bass Managed Accounts has a long position.


Below Average
As of 07 Jan 2014 at 1:34 PM EST.
Open 3.19 P/E Ratio (TTM)
Last Bid/Size 3.19 / 57 EPS (TTM) -2.13
Last Ask/Size 3.20 / 27 Next Earnings 24 Feb 2014
Previous Close 3.18 Beta 1.77
Volume 1,930,159 Last Dividend
Average Volume 4,420,196 Dividend Yield 0.00%
Day High 3.28 Ex-Dividend Date
Day Low 3.13 Shares Outstanding 177.1M
52 Week High 3.54 # of Floating Shares 123.962M
52 Week Low 1.44 Short Interest as % of Float 23.98%
” You don’t need a weatherman
   to tell which way the wind blows ”  Bob Dylan
you need Jack A. Bass Managed accounts to maximize your portfolio in 2014
Email or call Jack direct at 604-858-3202 ( same time zone as Los Angeles)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s