Spartan Delta Corp T.SDE

Alternate Symbol(s): DALXF

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Spartan Delta Corp. is a Canada-based energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties in western Canada. The Company has a portfolio of production and development opportunities in the Deep Basin and the Duvernay. It is focused on the execution of the Company’s organic drilling program in the Deep Basin, delivering operational synergies. It is also focused on growing and developing its Duvernay asset.

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Spartan Delta Corp

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Post by retiredcfon Feb 04, 2022 8:17am

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Post# 34396581

TD Notes

The Gas Line

Weekly Gas Charts

In the following charts, we summarize the key data points of North American natural- gas supply and demand dynamics. In this week's edition, we highlight the following:

This week, we observed a 268 Bcf withdrawal, which was in line with the consensus expectation of a 278 Bcf withdrawal, and above the five-year average of a 137 Bcf withdrawal.
A series of larger-than-historical withdrawals has eroded current storage levels to 6% below the 5-year average and 14% below year ago levels. This has been a direct result of cold winter weather.
Given continued strength in U.S. exports (~13 Bcf/d of LNG demand), U.S. storage levels remain tight when compared with domestic/foreign demand (19% below normal levels as measured in days of supply, Exhibit 3).
U.S. natural gas production increased by ~2 Bcf/d from levels seen last week, which we suspect was due to regional freeze offs subsiding.
Expectations for next week are for a withdrawal of ~200-220 Bcf, which compares with the five-year average withdrawal of 167 Bcf.