Coniagas Battery Metals Inc. T.COS

Primary Symbol: V.COS Alternate Symbol(s): CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).

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Coniagas Battery Metals Inc.

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Post by namsocon Feb 19, 2015 1:45pm

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Post# 23444413

Analysing Today's EIA Report

Below are the critical numbers that are needed to assess the inventory build in today's EIA report.

Inventory change is “Oil in minus Oil out” of storage. Using line numbers 1, 4, 13, 14 and 10 shows how those lines combine to give the stock change. 1+4 is the “input” and 10 is the out to the refineries. The interesting number is (13) Adjustments. This number is required to make up the difference between the daily “in” and the “out” oil flow rates times 7 to balance with the reported weekly increase/change in inventory.

Essentially it is assumed that the inventory numbers are more accurate than the daily “in” and “out” numbers.

Note the 400 kb/d increase in adjustments for this week, seems out of line with the previous weeks.

Namsoc

Mb/d	Jan 23-15	Jan 30-15	Feb 6-15	Feb 13-15
(1) Domestic Prod + (4) Net Imports	16,133	16,062	16,010	15,883
(13) Adjustment6	391	387	249	661
(14) Crude Oil Input to Refineries	15,256	15,544	15,564	15,442
(10) Stock Change (+/build; -/draw)	1,268	905	695	1,102

Stock Build [7 X Line(10)] (k bbls)	8,876	6,335	4,865	7,714