nat gas inventories out..warm weather is KILLING demand..note actual 75 Bcf draw .5 year average is 193 draw. yikes!!!
For the week of January 27 - Feb 2, natural gas storage levels decreased by -75 BCF to 2584 BCF. Current inventories are 248 BCF or 11% above the 5-year average while inventories are 187 BCF or 8% above year-ago levels. Over the last 4 weeks, the natural gas storage surplus has contracted by 100 BCF.
OT-ARC ENERGY-ARX reports tonite after the market closes. They are the biggest producer of C5 in Canada and they have a not bad hedge book for their nat fas-its their outlook which will set the tone to get to Nat Gas finally flowing to LNG Canada maybe by year end....dwdc