RE:Nat gas storage reportI doubt that we will see similar withdrawals over the next 4 weeks to those of last year which were :
W/E January 24, 2014 : 238R (R meaning revised)
W/E January 31, 2014 : 262
W/E February 7, 2014 : 230R
W/E February 14, 2014 :250
Colder overall weather than last year is probably unlikely and so we are probably heading for a final storage "lowest figure" in late March/early April which will probably(my guess) be between 1700 and 1400 compared to 822 on March 28, 2014.
The good aspect of this is that Peyto manages well in a relatively low gas price environment, with pay-off in subsequent operating years.
We probably will all be watching carefully to see what Pricing Stack will be used by the independent evaluators, when calculating P and P+P reserves across the Canadian O &G industry this year,
Peace,
Good Decision-making to All,
ElJ