GS at it again Want more shorts? I'm guessing Monday it bounces
Goldman Sachs analysts view yesterday's market reaction to the larger than expected build in storage as "overdone" they said in a report released on Friday morning.
...overall US storage levels are low relative to recent years and the gap to the typical seasonal storage path is increasing, which leaves room for further declines in coal-to-gas switching demand through this summer," the analysts said.
The firm maintained its NYMEX natgas price target at $4.50 per mmBtu for 2H 2013.