zman’s Energy Brain

oil, gas, stocks, etc…

  • Blog Stats

    • 101,689 hits
  • Seeking Alpha Certified
  • Hello and Welcome - I’ve created this blog for the purpose of discussing energy related topics - primarily but not limited to oil and natural gas - and their potential impact on stocks, options, and futures. I am an amateur investor/trader and make no assurances about the opinions expressed on this blog. Please consult your financial advisor before buying, selling, borrowing, or otherwise risking capital based upon ideas taken from this site. Any advice construed from this website is worth what you paid me for it.
  • RSS Subscribe with a reader

  • Subscribe via RSS with

    Powered by FeedBurner

  • pfblogs.org logo

Week Ended 9/29/06 – up 73 Bcf – Ties Record

Posted by zmann on October 5, 2006

73 Bcf injection ties record. Rockies storage exceeds old record by 4 bcf or almost 1%. Gas, of course, is up. Apparantly next week will bring the first arctic chill to the mid west. After about five days, forecasts are looking for warmer weather to return. All producers with Rockies gas should be impacted though with high storage levels and  no real demand either way.

The hedgies are making big bets here but I saw no evidence of an increase industrial demand (I was only expecting 60-65) so I’m not sure why gas should be $6.25 as inventories break records and supply continues to increase from Katrina recovery efforts and growing shale plays in Texas and Arkansas. It won’t last.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: