Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Roebear who wrote (60718)	2/22/2000 3:34:00 PM
From: upanddown	Read Replies (1) of 95453

Natural gas storage report just released by DOE/EIA. eia.doe.gov NG really selling off today with mild weather but we could still get a nice draw this week. Report shows that average temps in the four gas-consuming areas used by the EIA were a total of 1.85 degrees above normal last week while in the previous week, temps were 6.43 degrees above normal and we got a 158 draw. Average temps are slowly rising as we progress thru February but we could still get maybe 175. February draws for the last five years have averaged 380 but it looks like we will do 500+ this year. A quick rally in NG could occur if we get decent numbers this week especially if the weather turns colder. John

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