Natural Gas is Over-Supplied. Hedge Funders Are Effed.

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This doesn't bode well for prices. "The record gas resources assessed by the PGC, in addition to robust domestic production levels and booked reserves, paint a picture of strong supply of natural gas in the U.S. for many years to come." A lot of hedge fund hotshots sitting on panels talking up their nat-gas and oil books aren't gonna be swinging so large go-forward. Likewise oil. Short Hamptons homes.