RE:848,500 Volumes are stronger for all the energy stocks, even the gassy ones. We are anticipating stronger demand for gas, weaker supplies, and a return to seasonal temperatures in the Midwest and east. Looks like snow Monday for Chicago and an end of the warm spell mid week for Boston and New York. Storage levels have peaked as they do this time every year according to EIA data. It's slightly above the 5 year average, but within the 5 year range.
LNGStrong wrote: 848,500 shares traded at day high in the last 9 minutes before market closed today .. somebody wanted in or out hahaha.
next week will be important to solidify wti at $45, which will hinge on opec+ monday/tuesday. From here it's a pretty steady de-risk of NVA and a healthy start to free cash flow for the company:
Break-even WTI Price is where Capital Investment is equal to Cash Flow US$38/Bbl WTI; US$3.00/MMBtu NYMEX
a few near term catalysts to push through until summer when covid vax is more widely available and recovery to post covid consumption returns.
GLTA.