Birchcliff Energy Ltd T.BIR

Nat gas traders can’t make up their minds

[Grandcentral]

Stick to the fundamentals. We currently have an over reaction to warmer weather - stockpiles need major replenishing - Again, unfortunate timing as BIR set to release an amazing Q4. The banks and Biden are buddies, but the curtain can't hide the truth forever. If anything, this will equate to higher than otherwise prices in summer.
Hang tight - Nat Gas consumption is heading to new levels yr over yr, and stockpiles are not where they need to be to justify only ~$4. Governments are publicly declaring they are keeping prices in check - but it's only delaying the inevitable.
GLTA

[Barkis]

Sounds like sound advice. Thnx. According to the American Oilman storage withdrawl history for the last five years we can expect at least 400-500 bcf to withdrawn in closing winter weeks Feb 21 onwards. There is a good chance the storage numbers will bottom out below 1300 bcf before winter is done. After that people will be closely watching the weekly numbers to make sure we do not  go

[Barkis]

American Oilman site seems to be behind a Stockhouse firewall of some sort. You should be able to get there using your browser directly. Or just trust me on the numbers - I am not selling used cars (or stock at this point).

[Zaphod]

correct me if I'm wrong but I believe proven natural gas reserves are increasing more than consumption.  the problem with gas is it seasonal unlike oil that said idiots like germany have stopped nukes and are relying on coal and natural gas for the next 15 years.   

[Grandcentral]

More and more power plants are being converted to NG - electricity consumption is increasing in all seasons, thus increasing the need for more NG. We live in a goldilocks world where NG warms and cools homes and buildings, so people feel just right. A large % of EV cars essentially run on converted NG. NG is being referred to as the energy source of the future. GLTA