RE:RE:Black Swan Energy's Presentation, Warburg Pincus, CIOC & CKE Interesting perspective:
https://business.financialpost.com/news/energy/natural-gas-prices-may-plunge-below-1-on-insane-storage-levels-not-seen-since-1998
FirstEnergy, a Calgary-based energy investment broker, says “insane” record high natural gas storage increased to levels not seen since 1998.
“There is an outside chance that the net cumulative withdrawal of gas from Alberta storage could be close to zero this heating season, an unprecedented event in the history of North American natural gas storage,” King said in a note to clients.
The first U.S. liquefied natural gas export ship set sail last month, but it will not be enough to absorb a record 2.4 trillion cubic feet of natural gas storage — 50 per cent higher than its five-year average.