Thursday, January 29, 2015 7:18:32 PM
That was very good information. I use to read your post on UGAZ such as when the storage was 10% lower than the 5 year average, etc. Unfortunately, it appears that the market took the 800 Bcf that was excessively produced in 2014 and added it to the current storage every week since last year production was over 800 in compared to the prior years.
So take the current storage of 2,543 and add about 800 and you get 3,343. Where will this winter take NG? Perhaps to around 1600 to 1800 by the time the withdrawal season ends, then add 800 and you have 2400 to 2600 by the March - April, in the Markets eyes. I think because of that, NG is headed near or may even test the $1.90 support as it did in 2012 when the storage was at it's lowest at 2369. Once that occurs, NG would be a long buy.
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM