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DGAZ - Natural Gas Is Overvalued (Again)
March, 03 2021 10:12 AM
Credit Suisse Nassau Branch ZC SP REDEEM 09/02/2032 USD 50 - 22542D530
This Thursday, we expect the EIA to report 1,815 bcf of working gas in storage for the week ending February 26. We anticipate to see a draw of 128 bcf, which is 9 bcf larger than a year ago and 47 bcf larger vs. the five-year average. The latest short-range weather models turned bullish and, therefore, natural gas price has increased (temporarily). Storage deficit relative to the 5-year average is projected to shrink by 39 bcf by April 2. We are short May and June contracts for three reasons (scroll down to "Trading Strategy" section below). For further details see:
Natural Gas Is Overvalued (Again)
Stock Information
Company Name:
Credit Suisse Nassau Branch ZC SP REDEEM 09/02/2032 USD 50 - 22542D530
Stock Symbol:
DGAZ
Market:
NYSE
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