RE:Net increase of 100 Bcf bearish number in the short term but ultimately, falling prices heading into winter will create increased demand and with falling prices, you will get falling supply and increased demand.
I can see a balanced market by early new year if we get any kind of a normal winter.
very cold winter will mean much higher NG prices from current levels.
warm winter will mean prices handing around 2.50-3 /mcf.
still fall in NG prices doesn't seem to be having an effct on PMY, well maybe a reverse effect.
not quite sure why, but I smell a deal coming on which iw worth much more than higher NG prices right now since they are hedged in 2015.
DYODD