MGM Energy Corp MGMCF

This is eye opening people , canada NG storage dropped 48.28

[farml1234]

Now i added up how much was withdrawn from canada storage last year from 1/11 till injection were started and it comes to 248 bcf so how low can canada go on storage before they cut the USA off
 

 

 

		/------Storage------/			/-Inject (withdraw)-/			YOY		YOY Surplus
		Current	Prior		Current	Prior		Change		(Deficit)
1/4/2013		601.59	636.30		(27.94)	(11.50)		(16.44)		(34.71)
1/11/2013		586.84	622.50		(14.75)	(13.80)		(0.95)		(35.66)
1/18/2013		570.11	586.40		(16.73)	(36.10)		19.37		(16.29)
1/25/2013		530.81	566.10		(39.30)	(20.30)		(19.00)		(35.29)
2/1/2013		502.03	553.40		(28.78)	(12.70)		(16.08)		(51.37)
2/8/2013		472.09	540.40		(29.94)	(13.00)		(16.94)		(68.31)
2/15/2013		454.41	521.30		(17.68)	(19.10)		1.42		(66.89)
2/22/2013		428.48	511.51		(25.93)	(9.79)		(16.14)		(83.03)
3/1/2013		413.93	491.60		(14.55)	(19.91)		5.36		(77.67)
3/8/2013		396.53	478.90		(17.40)	(12.70)		(4.70)		(82.37)
3/15/2013		383.15	480.70		(13.38)	1.80		(15.18)		(97.55)
3/22/2013		360.17	490.20		(22.98)	9.50		(32.48)		(130.03)
3/29/2013		349.43	492.50		(10.74)	2.30		(13.04)		(143.07)
4/5/2013		343.44	498.00		(5.99)	5.50		(11.49)		(154.56)
4/12/2013		339.10	493.70		(4.34)	(4.30)		(0.04)		(154.60)
4/19/2013		337.59	497.55		(1.51)	3.85		(5.36)		(159.96)
4/26/2013		339.22	500.25		1.63	2.70		(1.07)		(161.03)
5/3/2013		348.57	505.50		9.35	5.25		4.10		(156.93)
5/10/2013		365.60	518.90		17.03	13.40		3.63		(153.30)
5/17/2013		380.35	535.40		14.75	16.50		(1.75)		(155.05)
5/24/2013		400.96	552.10		20.61	16.70		3.91		(151.14)
5/31/2013		417.50	563.20		16.54	11.10		5.44		(145.70)
6/7/2013		434.02	575.03		16.52	11.83		4.69		(141.01)
6/14/2013		447.53	582.50		13.51	7.47		6.04		(134.97)
6/21/2013		462.96	590.30		15.43	7.80		7.63		(127.34)
6/28/2013		474.56	599.51		11.60	9.21		2.39		(124.95)
7/5/2013		494.01	590.30		19.45	(9.21)		28.66		(96.29)
7/12/2013		509.86	608.00		15.85	17.70		(1.85)		(98.14)
7/19/2013		522.99	611.80		13.13	3.80		9.33		(88.81)
7/26/2013		539.94	616.80		16.95	5.00		11.95		(76.86)
8/2/2013		557.32	623.40		17.38	6.60		10.78		(66.08)
8/9/2013		575.87	630.20		18.55	6.80		11.75		(54.33)
8/16/2013		591.72	638.90		15.85	8.70		7.15		(47.18)
8/23/2013		606.49	650.87		14.77	11.97		2.80		(44.38)
8/30/2013		620.96	662.11		14.47	11.24		3.23		(41.15)
9/6/2013		636.17	672.20		15.21	10.09		5.12		(36.03)
9/13/2013		647.53	682.23		11.36	10.03		1.33		(34.70)
9/20/2013		659.17			11.64
9/27/2013		673.05	701.07		13.88
10/4/2013		688.71	710.70		15.66	9.63		6.03		(21.99)
10/11/2013		700.07	713.28		11.36	2.58		8.78		(13.21)
10/18/2013		717.50	715.43		17.43	2.15		15.28		2.07
10/25/2013		718.00	713.60		0.50	(1.83)		2.33		4.40
11/1/2013		717.16	709.30		(0.84)	(4.30)		3.46		7.86
11/8/2013		713.91	701.68		(3.25)	(7.62)		4.37		12.23
11/15/2013		702.29	697.36		(11.62)	(4.32)		(7.30)		4.93
11/22/2013		683.68	695.92		(18.61)	(1.44)		(17.17)		(12.24)
11/29/2013		658.15	689.68		(25.53)	(6.24)		(19.29)		(31.53)
12/6/2013		626.89	672.26		(31.26)	(17.42)		(13.84)		(45.37)
12/13/2013		580.78	657.55		(46.11)	(14.71)		(31.40)		(76.77)
12/20/2013		539.18	646.17		(41.60)	(11.38)		(30.22)		(106.99)
12/27/2013		508.60	629.53		(30.58)	(16.64)		(13.94)		(120.93)
1/3/2014		474.65	601.59		(33.95)	(27.94)		(6.01)		(126.94)
1/10/2014		426.37	586.84		(48.28)	(14.75)		(33.53)		(160.47)

[johncalgarytoo]

48.28 % or 48.28 bcf ??

[farml1234]

48.28 bcf You can only pull so much from storage and not have trouble

[SmallBet]

I'm a "layman". are you simply relating this to supply and demand, and how that relates to the need to drill/develop for Canada up north? and/or how this would possibly affect market pricing of the gas? sorry, if its a dumb question

[OilEng]

Hello Farm1234: Could you give me the web link where you found this stuff.  The USA drawdown on storage was a record this week at over 270 Bcf.  It would be lovely to see a substantial increase in gas prices.  However, I think we need something north of $7.00/mcf to get the Mackenzie Delta going. 

[farml1234]

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