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Natural gas pushes past $3.60, boosted by a smaller-than-expected rise in inventory even as...

Natural gas pushes past $3.60, boosted by a smaller-than-expected rise in inventory even as stockpiles hit a record for this time of the year. Morgan Stanley thinks prices could touch $5 by Q1 2013: “Demand remains elevated, and supply should be slow to respond [due to] logistical challenges, more attractive oil economics, and higher breakeven costs outside the Marcellus.”
Comments (8)
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    Well $5 by Q1 2013 is pretty optimistic but $4-$4.15 barring a nightmarish cold winter is definitely possible.
    11 Oct 2012, 03:09 PM Reply Like
  • kmi
    , contributor
    Comments (4040) | Send Message
     
    NG spiked on volume looks like but how 72 versus expectations of 80 could drive that kind of spike is beyond me.

     

    It may well be honest demand, been getting colder in NE and a folks may be buying bulk to lock their prices in expectation of higher price looking forward. Seems like a better explanation than the expectations thing and it's really that time of year.

     

    Nice chart production vs rigs.... http://bit.ly/R13ugz
    11 Oct 2012, 04:22 PM Reply Like
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    Great chart KMI i was looking for something like this earlier.
    11 Oct 2012, 04:58 PM Reply Like
  • KimFeil
    , contributor
    Comments (79) | Send Message
     
    rigs are now drilling multiple wells and the ave 18 month peak production that has a severe decline curve is just around the corner
    15 Oct 2012, 10:09 AM Reply Like
  • steelers1
    , contributor
    Comment (1) | Send Message
     
    Jan-Mar is 403 average, not really stepping out now are we
    11 Oct 2012, 04:48 PM Reply Like
  • rajesh007
    , contributor
    Comments (13) | Send Message
     
    $4 this december....$8 next dec
    12 Oct 2012, 12:15 AM Reply Like
  • billyeves
    , contributor
    Comments (4) | Send Message
     
    Been selling puts on NG since May all the way up till now and piled on some great profits. Now I believe in the $3.55 breakout that takes NG to the $4 mark before Dec. 31st. My rational always has been the industry and consumer both need $4-$5 NG. Great for energy mix and certainly a competitive commodity.
    12 Oct 2012, 12:25 PM Reply Like
  • rajesh007
    , contributor
    Comments (13) | Send Message
     
    hi billyeves....do you think next year march $5 is possible?
    13 Oct 2012, 10:07 AM Reply Like
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