Southwestern Energy Company (SWN)

[dwms07]

Tomorrow we get a weekly storage report and a new weather forecasts.

A draw down of about 225 billion cubic feet is expected. The five-year average draw is 170 Bcf. Last week’s draw was 151 Bcf. The draw was 178 Bcf a year earlier. So all and all, we will likely enter February with 5% below the five-year average.

Natural gas demand will be ~5% lower than average the next 7-days. It looks as if investors are already betting on a bullish weather report starting in February.

I see $3.50 by February 7th with SWN at $10.50!