Post by
Oldnagger on Nov 16, 2023 9:54am
Days forward supply
Before panicky investors start dumping BIR shares , I think they should start thinking about nat gas inventories in terms of days forward supply.
As demand for nat gas rises, the DFS goes down , not only for this winter but the next as new LNG demand comes on the horizon. With reduced drilling , it is only a while till the market will need to take heed.
More on this subject later !!
Comment by
Oldnagger on Nov 16, 2023 10:48am
From latest nat gas inventory report 3833 bcf vs 3635 last year = 1.054 from latest drilling productivity report nov 2023 production rate = 99.937 bcfpd vs nov 2022 = 95122 ratio = 1.051 Therefore DFS is essentially the same Henry hub spot price average for Oct 2023 =2.98 Henry hub spot price for Oct 2022 = 5.66
Comment by
Donhow on Nov 16, 2023 11:41am
Nat gas stocks Bcf Oct.13, 23 3626 ( build 97) Oct.20, 23. 3700 ( build 74) Oct.27, 23. 3779 ( build 79) Nov.03, 23 3773 (draw 6) Nov.10, 23 3833 (build 60) Notice that last week there was no report due to system upgrades and was an unreported draw.