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Re: None

Wednesday, 01/18/2017 10:57:18 AM

Wednesday, January 18, 2017 10:57:18 AM

Post# of 689
SWN Holding at $9.60, looks like a bottom!

Natgas will pop tomorrow because we have a huge draw coming. I see SWN near its annual bottom here. Medium price target is $13. I see this price coming by the end of February 2017.

I also see LNG demand picking up strong.

Natgas inventories reached a record high of 4,050 Bcf during mid-November. Draws in recent weeks have been larger than normal, and inventories ended December below the previous five-year average for the first time since the end of April 2015. The draw next Tuesday is expected to be 250 Bcf, 150 Bcf higher than normal. Based on an assumption of relatively cold temperatures in the first quarter of 2017, I see inventories to be only 1,300 Bcf at the end of April, which would be much below the five-year average.

The futures looks bright for SWN!
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