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Chinook Energy Inc. Common CNKEF



GREY:CNKEF - Post by User

Post by Miner1967on Apr 25, 2017 6:01am
159 Views
Post# 26161010

More on Nat Gas, storage in Canada etc.

More on Nat Gas, storage in Canada etc.

Some info about natural gas this year, versus 2016. The "worthless" NG according to a few trolls is 50% higher on average price the first quarter of 2017 vs. the first quarter of 2016.

Beyond this fact, let's see some more data:

For example, the drop in storage from September 2016 to March 2017, was from 810 to 477 bcf, a drop of 333 bcf.
The previous year, with a similarly warm winter, the drop was only 140 bcf.

Lower storage level > more bullish for NG.

For more, follow the link below:

https://www.cga.ca/wp-content/uploads/2017/04/Chart-1-Natural-Gas-Storage-new.pdf
 

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