Quote:
Originally Posted by CorsiHockeyLeague
I'm on a floating rate plan with enmax for natural gas. The foxed plan is 4.99/gj for five years. Is it a good idea to switch? Is floating about to be a crazy thing to be doing?
The 3 year fixed rate is 4.59/gj and the futures seem to average below 3 bucks, so even with the .99 enmax admin fes, floating seems better... yet someone I know is telling me it is armageddon and to get on fixed asap.
Am I missing something?
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Demand for gas in the basin is going up because of the startup of LNG exports, but there is also quite a lot of Montney inventory that's drilled but not completed.
Basically, you should ask someone who says they can predict commodity prices better than the futures curve to show you their billion dollars in futures trading profits.