GREY:PEYTF - Post by User
Post by
Beabaggageon Oct 24, 2014 2:36pm
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Post# 23059165
long term gas consumption trends very favorable
long term gas consumption trends very favorable even though seasonal build continues in light of milder US fall weather, there are a lot of long term reasons to be bullish on NG/US -CA ng/ngl.. EURzone cutbacks in carbon emissions raised to 40% from 27% probably means more LNG/ less oil/coal as we have seen in US (Germany is one of the world's worst carbon producers despite all the talk of them greening up..) I also saw this in Futures Magazine today re NG..they are recommending buying calls on NG (so bullish) - so short term PLT and it's debt issues have the market's attention but our assets and successes bode for long term buying in this low range....... The Energy Information Administration showed that working gas in storage was up 94bcf to 3,393 Bcf. Warm weather forecasts in the Midwest are hoping the next week the can build more inventory where stocks are still 9% below the five year average. Still this is the season when you should be looking at calls going into winter. Longer term the Wall Street Journal points out that "Next year will see a swath of coal-fired power plants shut down as a result of tighter environmental standards. Some 30 gigawatts of coal-fired capacity is slated to be retired or at risk of this in 2015, according to Sanford C. Bernstein. That is 60% of the amount expected to close through 2020, still this year with the record production and cool summer it may take a polar vortex to get a spike..... glta. seems like a good add overall with volatility going on and continued negative energy rumblings. Bea .....