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

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From: onginvester	11/17/2006 8:27:44 AM
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Greenie and profile..... the reason gas has doubled is simple.....go from 500bcf+ surplus to 160bcf+ and fundamentals and dynamics change quickly especially when rigs are running flat out. Have to agree with Frank..one 7-10 day blast of ne/midwest cold and BAM! surplus turns to defecit. Keep in mind come Jan we have some real,real easy comparisons as last years winter turned spring in mid January. This oil sell off is setting up some nice trading opportunites come mid/late dec. Keep in mind Canadian storage is running 50+bcf below last year and below the five years avg. By: old_doodle_bugger Send PM Profile Ignore Recommend Add To Favorites No more Gas Pains? - revisited With respect to Natural Gas Storage, here ia a look at what has occurred over the past four weeks – comparing these four weeks to the equivalent period of year 2005. Week ending __ Injection _____ Week ending __ Injection 10-21-05 ______ 77 ___________ 10-20-06 ______ 19 10-28-05 ______ 29 ___________ 10-27-06 _______ -9 11-04-05 ______ 61 ___________ 11-03-06 _______ -7 11-11-05 ______ 53 ___________ 11-10-06 _______ +5 Four Week Totals 220 BCF __________________ 8 BCF Storage week ending 11/11/05 3282 BCF Storage week ending 11/10/06 3450 BCF At mid March, the Year 2006 to Year 2005 difference in storage level exceeded 500 BCF. By mid October, in the intervening seven months that chasm had narrowed but modestly --- to 380 BCF. Today, we can see that with the past week, the March chasm has closed to be a meer gap of around 168 BCF. If, as been noted by others, the Canadian storage situation is included, a North American Y-O-Y difference would shrink by an additional +/-50 BCF to a North American +/-120 BCF. Thanks to AmericanOilman.com for compliling the information I used to compute the above.

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