RE: EIAGood point nadrek -with the very small volumes going into storage through the last few months and production remaining stable then perhaps some industrial consumption has returned . I think most ng analysts are expecting depletion to yet show itself as a major factor . Many of the large producing fields are quite mature with production declining and we know drilling has been cut way back so its only a matter of time in my opinion before we see production get hit. It was only ladyfern that gave cdn prod its boost last year or we would have have flat to neg. prod numbers. My understanding is there are serious concerns about the potential of ladyfern and what volumes are sustainable there. I think jvw is on the right track and ultimately it is price and not any prod. gains that will bring things back in balance. A warmer than usual winter if we even get that (no hint so far -just the opposite) will only delay the inevitable shortfall in prod. IMVHO
Lots of money running to techs and financials now but good old peyto like a rock. If the sector rotation continues in earnest another good entry point may be on the horizon for ng producers.
LOL all longs-thx for comments on TD nadreck -doing well there
Rob