RE: RE: this week - some action- watch out!No need for any company info at this point. Why because it will be driven by Offer/Demand ratio on NG price. This company worth 2,41$ book value and last injection and inventorey news ahead of winter are great. So simple maths= buy low and sell high. We are at the low so why not take a ride up...
See news on Gas: Better timing than last year starting point. I just like this...
Injection in line with expectations – The EIA reported a natural gas injection of 91 bcf compared to market expectations (as per Bloomberg) of 92 bcf and the five-year average of 64 bcf. For the comparable week last year, the EIA reported an injection of 59 bcf. Total storage now sits at 3,590 bcf, or 3.2% below last year’s level of 3,708 bcf, but 7.4% above the five-year average of 3,343 bcf. The near-month NYMEX contract, was unchanged at US$3.70/mcf immediately following the release.
Prospects of full storage? – With only three weeks left in the injection season and based on historical data, it is unlikely storage will reach full storage of 4.0 tcf. Since mid July total U.S. gas storage has trended south of the 2009 high. Although storage is still at a lofty level, the scenario is still much improved from last year.
Do your own dd and GLTA