Buying more Provident
April 26th, 2008 by Grant in: Energy, InvestingI’m starting to buy Provident Energy Trust (PVX: chart, web, Y!) again in small bits and pieces. Natural gas ($natgas: chart) is holding its own even with rising temperatures, mostly due to increased use in electrical power generation.
I’ve also noticed that with the advent of LNG technology (liquified natural gas, where they cool the stuff off so much it turns to a liquid, thus facilitating shipping) we’re starting to see natural gas traded more on a global market.
It used to be that natural gas markets were very focused due to the infrastructure required to handle the gas. Now that it’s exportable, I think we’re seeing natural gas prices start to increase due to a more widespread market demand…
At any rate, I don’t see natural gas prices coming down anytime soon, at least not to the levels we’re used to at this time of year.
Tags: energy markets | natural gas | provident
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