UGAZ News and Press, Credit Suisse Nassau Branch ZC SP ETN REDEEM 09/02/2032 USD 50 - 22542D571

By Islandboy The EIA released the latest edition of their Electric Power Monthly on July 24th, with data for May 2020. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the year 2020 to date. The Table immediate...

This report covers the week ending August 7, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 617 bcf (or 88.1 bcf/d) for the week ending August 7 (-4.6 bcf/d w-o-w (week over week) and -4.7 bcf/d y-o-y...

In last week’s piece on the natural gas futures market on Seeking Alpha , I wrote, “ I expect $2.00- $2.10 in the short-term, but not much more .” The price took off on the upside on Monday, August 3, and reached a high of $2.284 per MMBtu on August 6. The volatile natura...

Welcome to the pullback edition of Natural Gas Daily! We have sold out of our EQT (EQT) position for a gain of ~29%. The double rejection off of $17 (our price target) was a bit concerning, indicating this to be a very strong resistance level. If it fails to break out above $17, then we ...

The Weather Last week Last week (ending July 31), the number of cooling degree days (CDDs) edged down by 0.9% w-o-w (from 102 to 101). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 4.5% above last year's level and 13.5% above the 30-year av...

Welcome to the divergence edition of Natural Gas Daily! It's amazing that September contracts are still above $1.8/MMBtu despite the amount of CDDs we've lost over the last few days. Over the last three days, we've lost a cumulative 14.22 TDDs. And yet, over the last three days, natu...

This report covers the week ending July 31, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 648 bcf (or 92.5 bcf/d) for the week ending July 31 (-0.7 bcf/d w-o-w (week over week) and -0.3 bcf/d y-o-y (...

The price action in natural gas continued to be bearish after the Energy Information Administration released its latest inventory data on Thursday, July 30. In 2018, the price of the nearby NYMEX natural gas futures contract reached a peak of $4.929 as the market went into the winter peak se...

The Weather Last week Last week (ending July 24), the number of cooling degree days (CDDs) edged up by 1.3% w-o-w (from 100 to 102). We estimate that total energy demand (as measured in total degree days, or TDDs) was 16.0% above last year's level and 15.0% above the 30-year average. ...

Welcome to the coil edition of Natural Gas Daily! Housekeeping item first. For the week of 7/24, we have a storage build of 20 Bcf. Natural gas prices have managed to stay in a very tight but low price band for most of this summer, but the price action suggests there's a big move in ...