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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who started this subject12/25/2003 9:18:26 AM
From: Bearcatbob  Read Replies (2) of 206287
 
Storage - Any Thoughts
by: BearcatbobSI1 12/25/03 09:17 am
Msg: 24668 of 24668

My read is that storage at the end of last week was 2,699 bcf. I always figure Feb 15 as the end of the really cold weather. If so, that would imply essentially seven potentially cold weeks - one of which is already past and is not cold. Therefore, if there were six weeks of -250 the storage going into the end of February would be 1,200 bcf. It seems to me that the early winter has been warm enough to prevent a crisis this year and that we should sell into any warm weather in January.

Any thoughts?

Merry Christmas - more time tomorrow.


Bob
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