- This Thursday, we expect the EIA to report 2,510 bcf of working gas in storage for the week ending February 5.
- We anticipate to see a draw of 179 bcf, which is 58 bcf larger than a year ago and 54 bcf larger vs. the five-year average.
- Over the next 30-day period, total natural gas demand is expected to average 126.0 bcf/d, which is 11.7 bcf/d higher than a year ago.
- If you have exposure in the front month contracts (Mar. or Apr.), you are a hostage to the whims of the weather (just like us).
- Strategically and fundamentally it makes sense to buy the dips in summer contracts because our EOiS storage index is currently very low.
For further details see:
Natural Gas: We Are Nervously Long