Post by
EnergyWatcher55 on Feb 08, 2021 11:35am
BNN: Nat Gas demand surging, largest in 70 years
BNN reporting that the month of February 2021 has been listed in the top ten months of the highest
demand for Nat-gas due to the cold weather.
"This raises the possibility of 300 Biliion cubic feet withdrawal from February 12-18th time frame......1-billion cublic feet is enough to heat 5M homes".
VET can only benefit from this huge demand since Nat-gas represents 45 % of VET's cash flow.
With high oil prices, VET is a cash flow.
Comment by
Nystrom on Feb 08, 2021 3:05pm
Don't forget a lot of people have/are moving out of the cities into larger homes/properties. It takes a lot more Nat Gas to heat/cool a 4000 square foot single family house in the suburbs than it does to heat/cool a 1500 square foot condo/duplex style. House builders have a record high backlog of single family properties that are fueling this trend.
Comment by
downtozero on Feb 08, 2021 3:32pm
From VET's presentation, they are counting on a minimum $7.50 TTF gas price per mmBTU. It currently sits at less than $6.50. Since VET publishes that 27% FCF is based on TTF, I wonder how this impacts their calculations?? Could this be why VET is not trading above average today?
Comment by
Oldnagger on Feb 08, 2021 9:31pm
The Vortex is headed to Europe NBP and TTF up 10% today.
Comment by
ThatAlbertaGuy on Feb 08, 2021 9:58pm
and oil keeps climbing ! Brent over 61 and wti at 58.46. Keep it trucking along :)