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Natural gas supplies remain tight

  • It's been a steady climb throughout the session for of-late wildly volatile natural gas prices (UNG +6.4%) following EIA data showing inventories 22% below the 5-year average and 30% less than last year's level. Added to that are weather forecasts for continued below-average temperatures in the U.S. for the next few weeks (though next week promises temps in the 50s in the mid-Atlantic region).
  • ETFs: UNG, UGAZ, DGAZ, GAZ, BOIL, UNL, KOLD, NAGS, DCNG
Comments (8)
  • keepsavi
    , contributor
    Comment (1) | Send Message
     
    the "commodity chart of the day" article is from 2012 & should be taken out of mass email
    13 Feb, 07:19 PM Reply Like
  • Gigem77
    , contributor
    Comments (1208) | Send Message
     
    Henry Hub spot fell 87 cents today to 5.30. Over half the country is warmer than normal and will remain so for the next 6 to 9 days.
    Sunday http://bit.ly/1eYGJXV
    Tuesday http://bit.ly/1eYGITL
    13 Feb, 08:24 PM Reply Like
  • depueman
    , contributor
    Comments (102) | Send Message
     
    Yeah but the East Coast is being savaged by ice and snow and that is where the people live. Inventories being scorched...natty up from here.
    13 Feb, 08:55 PM Reply Like
  • Gigem77
    , contributor
    Comments (1208) | Send Message
     
    "savaged", "scorched", lol Hyperbole is fun. Texas is looking at 7 more days in the 70's. The next draw (for last week) will be 230-240 Bcf and the one after that around 150Bcf . Then we are looking at one more shot of cold air to begin March that will cover less area for less time. The clock is ticking for the bulls. But just for balance, http://1.usa.gov/1bUQ3aL thanks to bigbenorr for finding and posting this one. 2003 was the last year that storage dipped below 1 Tcf. If we get the big spike, how are you going to play it?

     

    In another month, SA articles will be about how it will be impossible to refill storage, yada yada..
    16 Feb, 10:02 AM Reply Like
  • jsIRA
    , contributor
    Comments (2426) | Send Message
     
    DGAZ and UGAZ has become 2x not 3x natural gas price recently.
    16 Feb, 07:02 AM Reply Like
  • Gigem77
    , contributor
    Comments (1208) | Send Message
     
    Powerburn is back, updated with new format http://bit.ly/133ddZ4 he can also be followed on twitter now.
    16 Feb, 08:30 PM Reply Like
  • Stockexpertpro
    , contributor
    Comments (50) | Send Message
     
    They Banned Crude Oil Exports from the US By Law They need to Ban Nat Gas Exports as well http://1.usa.gov/1nTLrae $UNG $DGAZ $UGAZ We need to contact the White House congress make phone calls and get Nat Gas Exports Banned from the US in order to keep Nat Gas Supplies here in the US Where they belong so we want have tight supplies and to keep prices low hope that the white house takes action http://1.usa.gov/1cy6qgY
    21 Feb, 12:36 PM Reply Like
  • Gigem77
    , contributor
    Comments (1208) | Send Message
     
    It's not your oil or gas to ban. It's not "ours" either. The right to property is abridged by government restrictions.
    We already export millions of barrels of petroleum products per day to the world, as well as a couple of billion cubic feet of gas to Mexico by pipeline. Those exports are growing, cutting our balance of trade deficit and creating jobs and income to state and local governments and schools. The LNG export permits are already granted, or in process, the construction of liquefaction trains and terminals is begun.
    Repeal of the Jones Act and the Export Ban will make money and create jobs and that's what we need.
    22 Feb, 09:26 AM Reply Like
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