Posted by zmann on September 28, 2006
In coming days I will add: 1) gas inventory graphs, 2) projected next week’s injection/withdrawal estimate in a spreadsheet showing estimate vs reality so I and the “paid” analysts can be easily tracked, 3) CFTC charts for natural gas non-cokmmerical commitments of traders (all 3 sections will include interpretive opening sections – this may take through the weekend but will be up by Oct 1, I promise).
OPEC commentary will be added members of the Cartel rouse themselves late at night to talk everyone into paying more for some of the cheapest to produce oil on the planet despite current high worldwide inventory levels.
Stock picks/pans will be added continuously beginning now: Despite recent weakness in the front month natural gas futures and a generally downdraft in the 12 month strip, a certain invurnability to falling comodity prices engendered by generally favorable hedge positions at E&P companies has given WS analysts unprecedented levels of spine. This is not how I will write. Instead I’ll write something more like this: WS Analysts have multiple motives for making Buy recommendations, the least of which is making you, the little guy, money.
Rules of the road for trading options on energy stocks including the hallowed Valero Rule, trademark pending, from the great Phil’s World blog will be referenced shamelessly.