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Fri Feb 19, 2021, 08:34 PM

Guess who just got a lot richer....yep Jerry Jones

Jerry Jones’ natural gas company ‘hits jackpot’ as Texas freeze drives up prices
Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday.

https://www.dallasnews.com/business/energy/2021/02/17/jerry-jones-natural-gas-company-hits-jackpot-as-texas-freeze-drives-up-prices/

The Frisco-based natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brutal freeze grips the central U.S., leaving millions without power.

Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday. As demand jumps amid the cold, gas at some regional hubs has soared past $1,000 per million British thermal units.

At the Henry Hub in Louisiana, the delivery benchmark for futures in New York, spot gas traded at $20 or higher on Wednesday morning, according to two traders. That compares with a settlement of $16.13 on Tuesday and just $3.73 a week ago.

Supply for next-day delivery at the Oneok Gas Transportation hub in Oklahoma traded at $1,250 per million British thermal units on Wednesday, according to David Hoy, a trader at Dynasty Power in Calgary. That’s up from $999 on Tuesday, and just $9 a week ago.

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Reply Guess who just got a lot richer....yep Jerry Jones (Original post)
underpants Feb 19 OP
flying rabbit Feb 19 #1
TheFarseer Feb 19 #2
ret5hd Feb 19 #3
Stallion Feb 19 #4
Tribetime Feb 19 #6
RussBLib Feb 19 #5

Response to underpants (Original post)

Fri Feb 19, 2021, 08:36 PM

1. Maybe Dak will get paid. Not.

Jerry is a wanker.

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Response to underpants (Original post)

Fri Feb 19, 2021, 08:45 PM

2. I can't get mad at him for this

Lots of people have oil stocks.

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Response to TheFarseer (Reply #2)

Fri Feb 19, 2021, 09:07 PM

3. Per Federal Reserve:

A Federal Reserve report indicates the top 10% of households by net worth control 87.2% of the equities in this country at the end of the first quarter.

https://www.google.com/amp/s/www.cnbc.com/amp/2020/08/27/wealth-gap-grows-as-rising-corporate-profits-boost-stock-holdings-controlled-by-richest-households.html

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Response to underpants (Original post)

Fri Feb 19, 2021, 10:39 PM

4. The Dallas Cowboys Have Not Been to the Super Bowl in 25 Years-Enough Said

Jerry Jones is worst General Manager in the NFL -and he is the General Manager-from socks to jocks

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Response to Stallion (Reply #4)

Fri Feb 19, 2021, 11:51 PM

6. Cleveland Browns....never

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Response to underpants (Original post)

Fri Feb 19, 2021, 10:58 PM

5. So ERCOT ordered several gas plants to shut down

Causing a drop in supply, at the time of increased demand because of the cold, causing spot gas prices to spike to fill the gap. In steps Jerry's company to rake in some big bucks. How much? Not clear. Meanwhile, almost 60 are reported dead due to the cold snap, and many more likely will be found dead due to hypothermia or carbon monoxide poisoning.

Yeah, Jerry made a "killing" alright.

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