Zman is the pen name of an investor/trader who specializes in the energy sector. His daily writeups address developments in that sector and the potential impact on publicly traded stocks, options, and futures. Visit his site: Zman's Energy Brain (http://www.zmansenergybrain.com/)
The EIA released their 914 (gross withdrawals) data and their Natural Gas Monthly with data for the month of July 2009 today. Each month we prepare a slide show highlighting the key moving pieces of this of the U.S. natural gas production picture. Each month this year, we along with many analysts and traders have been left unimpressed with the declines demonstrated in the key producing regions and in the aggregate production data. Not this month.
Nutshell: Much better than expected 2Q results, minor disappointment due to the pipeline constrained guidance reduction but this is one of those "out of their control things" that institutional shareholders will often give managements (and stocks) a "get out of jail free pass for", maybe today, maybe it'll take a little longer. The key points are:
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The EIA released their 914 (gross withdrawals) data and their Natural Gas Monthly with data for the month of July 2009 today. Each month we prepare a slide show highlighting the key moving pieces of this of the U.S. natural gas production picture. Each month this year, we along with many analysts and traders have been left unimpressed with the declines demonstrated in the key producing regions and in the aggregate production data. Not this month.
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Nutshell: Much better than expected 2Q results, minor disappointment due to the pipeline constrained guidance reduction but this is one of those "out of their control things" that institutional shareholders will often give managements (and stocks) a "get out of jail free pass for", maybe today, maybe it'll take a little longer. The key points are:
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