RE:RE:Run Up is Commodity Price Driven -OilYes, US NG inventories are steadily improving. Only 129 bcf over last year and 180 bcf over the 5 year inventory and NG close to $3 in US. The hedge funds will try to bring the price down next week, but NG does seem to have some positive momentum the last 2 or 3 weeks. I agree we need production discipline on both side of the border.
As a side note Kel has had a good week closing around $6.60. The big winner this week was Tou/Cr, but most NG and Oil equities did well. Good luck to all next week and have a great weekend.