Pescod sees this Nat Gas Rally As Buyer Beware

We wrote just last week about what next for natural gas, according to Bob Hoye and his team at Chart Works that had predicted a natural gas rally on September 2nd,and they’ve certainly gotten it.

However, they are look-ing for a ten to 12 day event, followed by something that might not be a lot of joy in the natural gas sector.

We caught up with Bobby Lamond, the Calgary vet-eran and long-time player in the natural gas sector whohas spent much of the last year sending people chartsand warning everyone about how ugly it could get in thissector.

When we caught up with him on Friday, he says,“it’s been the perfect storm for natural gas” over the lastyear. “Anything that could go wrong” he says, “hadgone wrong” and he has never seen a worse time for the natural gas sector.

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