RE:RE:RE:RE:RE:RE:nat gas inventories??No but it does keep ARX's NG flowing to allow for some revenue.
Hurricanes seems to affect Gulf LNG and NG every season it may be better to shift some of that production to the west coast where hurricanes are less frequent (I could not believe California was hit with its first one in over 80 years).
Of course there are wild fires to contend with so I hope extra attention is being paid to fire breaks and suppresion measures not only with ARX's properties (It looks like ARX got out unscathed aside from some shut in production) but also the pipes that lead away from them.
I would not be surprised if the US west coast did not sieze the opportunity to increase its inventories as they have had supply issues for even their reduced storage.
https://www.latimes.com/business/story/2023-01-09/why-natural-gas-prices-and-bills-are-soaring-in-southern-california On a side note, that was nice price movement yesturday taking us above $20 again.
GLTY and all ARX BULLS
GunnerG wrote: I don't see LNG Canada being able to help when gulf coast is shut in. Would hope that LNG Canada's capacity would have nearly full utilization on a day to day basis and not waiting for something to happen in the gulf coast.
I would also expect it to be quite difficult to get additional VLGC to Kitimat to make any difference in the short term.
Quintessential1 wrote: It is the problem of hanging your hat on one commodity something that ARX mangement is trying to diversify itself of by as much as 50%-60% into the area of not just NG but oil and NG.
Watching
https://natgasweather.com/ they are now reporting on this season of hurricanes and tropical storms which may hamper NG exports again but also have the added effect of shutting in oil production which unlike hampering NG exports actually raises WTI pricing. So the approaching storms do appear to give with one hand and take with the other. ARX equaling out their production allows them to have a more balanced and reliable revenue stream to expand, pay debt and costs and reward shareholders. Working on infrastructure and inventory levels should pay off more as west coast egress comes online in the form of LNG Canada and TMX when complete.
LNG Canada wil provide yet another outlet when gulf coast LNG is shut in and TMX should provide not only higher WCS pricing across the board but higher demand and pricing for condensate to be able to ship that WCS. Condensate which as stated by, "he who shall not be named lol", probably will not be shipped back to the WCSB unlike the condensate that is regularly shipped back by the gulf coast refineries after separating it from WCS.
GLTA ARX BULLS
downwithdotcom1 wrote: nat gas only up 4 cents even with these bullish numbers-keep reading thou that LNG exports have fallen due to operational/maintanence issues at several of these facilities..just can't win (sigh) dwdc