GREY:CEQXF - Post by User
Post by
EstevanOutsideron Nov 11, 2018 2:40pm
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Post# 28957119
Canada natty storage, already at Dec. 2017 levels
Canada natty storage, already at Dec. 2017 levelsAnd November is on pace to be largely drawn month. NGTL pipeline is down 1 bcf/d for the past few days, Southern Cross pipeline from Alberta into B.C. is running at FULL LOAD due to Westcoast pipeline problems. U.S. gas being diverted to Sumas and more lucrative price points.
This is a chart of YoY Canada natty inventories into October:
https://twitter.com/tsxman/status/1061701198452002816
Looks BULLISH.
Hopefully AECO weighted producers exercise dicipline. Let inventories get annahiliated to boost forward month pricing and lock in PROFITABLE hedges.