EIA NG supplyfirst withdrawal of the winter season -2 bcf.
hard to tell what the market reaction is today with holiday trading but I think this is a bullish number with a much hihger withdrawal to be reported next week.
NG prices will continue to trader higher if winter arrives in full force this winter.
with NG demand still high due to LNG and exports to mexico, we might even get some spiuke now and then on extreme polar vortex type periods.
I'm very bulish on NG prices and to me that means undervalued stocks like PMT have torque to rising NG prices and they can quickly go fom negative VF to positive CF and grow production in 2017 very quickly as the drilling investory is well know and they can drill up to 11 new east edson wells in 2017 before breakup.
just me 2 cents but I'll stick with my traget of 3.25-3.75 some time in 2017.
dyodd