GAZB News and Press, Barclays Bank PLC From 01/15/21

We have increased our long exposure in natural gas. We will continue to carefully buy the dips - preferably in summer contracts (see the list of trades below). We see at least six factors which support the bulls. However, there are three important bearish factors. Short-ra...

Climate change has the potential to have significant effects, but fossil fuel usage doesn't need to go to 0. Even if it does go to 0, market dynamics mean there's plenty of quality energy investments. ExxonMobil and Energy Transfer are two of our favorites, due to their entrenched...

This Thursday, we expect the EIA to report 3,198 bcf of working gas in storage for the week ending January 8. We anticipate to see a draw of 132 bcf, which is 41 bcf larger than a year ago but 29 bcf smaller vs. the five-year average. Over the next 30-day period, total natural gas...

The cost of shipping liquefied natural gas from the U.S. to Asia hit a record high today, and a scarcity of on-the-water LNG cargoes heading to Asia means buyers of prompt deliveries have been left with few options to meet heavy demand.Freezing temperatures across Asia and Europe have pushed ...

Currently, we expect the EIA to report a draw of 135 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 265 bcf by February 12. Our storage level outlook is still rather bullish vs. market expectations. If the lates...

Higher oil prices have caused many investors to fear shale operators will drill themselves into insolvency once again. Rig counts do not support that, and thus far neither does forward guidance. Notably though, Canadian E&Ps seem a little more aggressive. Most companies will r...

Currently, we expect the EIA to report a draw of 135 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 333 bcf by February 5. Our storage level outlook is still very bullish vs. market expectations. If the latest w...

A sudden stratospheric warming event is potentially taking place. Depending on the development going forward, this could turn out to be very bullish for natural gas. We went long BOIL on the latest set-up and expect to increase our position if the models do continue to trend bulli...

Currently, we expect the EIA to report a draw of 170 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 416 bcf by January 22. Our storage level outlook is still very bullish vs. market expectations. If the latest w...

This Thursday, we expect the EIA to report 3,722 bcf of working gas in storage for the week ending December 11. We anticipate to see a draw of 126 bcf, which is 29 bcf larger than a year ago and 21 bcf larger vs. the 5-year average. If the latest weather forecast remains unchanged...