RE:RE:RE:RE:RE:Presentation infoJust this weekend , while thumbing through the nat gas stats, I came upon an interesting graph , which I posted on the Birchcliff BB. Not to be too repetitive, I will repost the graph here. The graph shows natural gas inventories over the past 13 years. What jumped out at me is two things. First nat gas inventories for this time of year are probably very close to the 13 year median , and second, the industry always finds a way to keep inventories at or below 4000 BCF by the start of the late fall drawdown season.
The good news ,is that this should give nat gas pricing the ability to recover before the decision must be made for the 4 year plan.
Maybe , I am just looking for reasons to be optimistic , but I have always believed in the long term promise of natural gas and the more I look, the more re-assured I become !!
https://www.eia.gov/dnav/ng/hist/nw2_epg0_swo_r48_bcfw.htm