Comments on: Behind the bank

By: Jonathan

Jonathan — Wed, 26 Aug 2009 12:24:52 +0000

WOW have home prices, at least their asking prices, shot up to record highs. I can’t believe that people in Mississauga start 2 bedrooms at $500K. Towns start at $350K. Gimme a break!

BUBBLE

By: dd

dd — Wed, 26 Aug 2009 12:14:52 +0000

#123 nonplused on 08.26.09 at 12:50 am

…I am also not sure what drives up gas demand without an uptick in manufacturing….
True, however in 2008 there was tons of gas around and still the price followed oil up. Fundamental were not driving the gas market then.

…Hopefully they recover sooner than later but at this point I don’t understand what would drive it…
For the short term I think it will be oil that will drive the natural gas demand (less than five years). If the peakest are correct $150 barrel oil is just around the corner. NG will be a cheap alternative, even at $5 – 7 bucks. Even at this price solar starting looking great.

By: dd

dd — Wed, 26 Aug 2009 12:03:11 +0000

#125 Mike (Authentic)

“NG prices sound like a historical low, wouldn’t it be a good time to buy NG companies or shares in it then?”

Yes, if you have tons of patience. Natural gas is not like oil … it can’t be moved as easily therefore it is a local commodity. About 30% of NG is used in the utility sector, however, prices are also down because of lower industry demand.

By: Mike (Authentic)

Mike (Authentic) — Wed, 26 Aug 2009 07:25:14 +0000

“Natural Gas just broke the $2.00 mark at AECO”

NG prices sound like a historical low, wouldn’t it be a good time to buy NG companies or shares in it then?

Mike

By: Mike (Authentic)

Mike (Authentic) — Wed, 26 Aug 2009 07:17:12 +0000

100 Calgary Crash (to me) “Could we be a little less dramatic? What’s your next prediction? I’ll do the opposite.”

Position your finances in case the BMO like bank problem comes again and really does happen. Pay down your debts, do not get “suckered” into cheap money and the “back to normal, mission accomplished we are out of the recession” economy talk.

Oh, and the Blue Jays will win the next World Series.

Mike