Bonterra Energy Corp T.BNE

Post on gas storage from HFI Research

[TheRexmember]

Early days but gas injections have been consistently lower than forecast due to weather and lower production. The South Central gas storage is starting to look tight.

Consumption is running about 1.5 bcf/d above demand. It is early but maybe some green shoots in the gas market? 

The way drilling rigs have been idled as well as a low DUC inventory, both oil and gas look poised for a bit of a run. 

Queue the return of Venezuela...?

[kavern23]

Lots will depend on if the rest of 2023 is like last year...ie a warm fall. Last year summer had crazy heat spells across north america as well and also a warmer than normal fall. But last years warm fall was managebale as NG inventories were so low in Europe and USA. This year that is not the case. If the fall is warmer than normal it is going to get so wild and nobody knows how it will

[kavern23]

I remember when Alberta used to have frosts in late August lol. North America could easily have a warm Sept and Oct and most of Nov like last year. Where is that NG going to go? Speculators have made such a massive mess out of the market.

[fullyautomatic]

Already has frozen last week on my farm near of Red Deer.  Aug 20 Early AM was -1C...  Look at the electricity market in AB Kav. It's out to lunch. 1-2 yrs ago it was .075c kw/h. Now I'm hearing .30 kw/h that's 4x in less than 24 months. Look at PEY saying they expect to get $10/GJ at Cascade. To me, if this is anything in the NG markets it's the bottom. 

[TheRexmember]

Seems like one more new way to scr ew the consumer.  LNG is such a game changer. Inventory can be burned through so much quicker when there is a mismatch. Another 15 bcf is coming over 2 years now too.  Gas producers will be in such a better position shortly.  capacity to sip to Chicago, Toronto, expansion of capacity to Washington and California, record demand in the