In anticipation of dramatically colder conditions in the coming week we have taken a short term position in CHK, anticipating that the price of natural gas will rise after its recent slump. Since CHK is naturally going up in the next few weeks this is the safest position to take – even if the cold front fails to reach the eastern United States and natural gas prices continue to fall this position will simply rise slowly instead of losing any value.
Throughout the day our only position to lose any value was TIK, but this was in a short burst at the end of the trading session and will likely reverse in extended hours both tonight and tomorrow morning.
In the last few days we’ve noticed strong gains in both PEGI and GPP, indicating that these are finally due for the reversal that we’ve anticipated. We are concerned that the appointment of a new EPA chair might have an impact on renewable partnerships going forward, but general consensus is split as to how much change any Trump appointee will actually be able to accomplish.