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GAZB - Natural Gas: January Contract Looks Undervalued
November, 26 2020 12:29 AM
Barclays Bank PLC
This Wednesday, we expect the EIA to report 3,932 bcf of working gas in storage for the week ending November 20. We anticipate to see a draw of 26 bcf, which is 21 bcf smaller than a year ago and 11 bcf smaller vs. the 5-year average. Annual storage surplus is projected to shrink by 120 bcf by December 25. In the new week, the number of nationwide HDDs will surge by 42% w-o-w and should rise above the norm. Annual storage surplus is currently projected to shrink by 120 bcf by December 25. For further details see:
Natural Gas: January Contract Looks Undervalued
Stock Information
Company Name:
Barclays Bank PLC
Stock Symbol:
GAZB
Market:
NYSE
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