DJ UPDATE: US GAS: Futures Rise On Late-Season Storm Fears
futuresource.quote.com
Analysts and traders expect that 68 billion cubic feet of gas were injected
into storage during the week ended Oct. 5. That amount is 5 bcf above what was
injected into storage during the same week last year, and 5 bcf above the
five-year average. It's 11 bcf more than what was injected into storage during
the week ended Sept. 28.
F.Y.I., The 5:30 pm Atlantic Tropical Weather Outlook mentions nothing that would justify fears in the market.
nhc.noaa.gov
Bloomberg: N.Y. Natural Gas Rises as Cooler Weather Spurs Heating Demand
bloomberg.com
People are ``wearing jackets in New York. The jacket indicator is a signal for the arrival of winter and cool temperatures, and a boost in natural gas,'' said Michael Rose, trading director at Angus Jackson Inc. in Fort Lauderdale, Florida.
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Reuters: U.S. spot natural gas prices
rose at nearly every price point Wednesday, boosted by stronger
gas futures late Tuesday and early Wednesday and some cooler
weather across the eastern half of the nation that could make
for some early heating demand, traders said.
www1.investorvillage.com
Injection estimates for this week's EIA report ranged from
60 bcf to 80 bcf, with most traders and analysts expecting
stocks to rise by about 70 bcf when weekly data are released
Thursday at about 10:30 a.m. EDT, a Reuters survey showed.
Physical Natural Gas Prices for next day delivery - Like the man said, up at nearly every price point.
intelligencepress.com
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Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 10, 2007
Total Gulf production is down about 1%, or 110,000 Dth/d, today with most of the decline in Texas. In fact Texas volumes are down about 7%, or 218,000 Dth/d, compared to the month-to-date average. The onshore Texas region shows the largest drops down 181,000 Dth/d compared to month-to-date levels. Volumes are down on all of the major Texas onshore pipes. NGPL flows have dropped the most. Offshore production is flat today and down slightly compared to the month-to-date average.
TEXAS ENERGY BULLETIN: October 10, 2007
Henry Hub dropped by 6.4 cnts to $6.63 while Ship Channel increased by 3.2 cnts to $6.75, bringing that differential to 12 cnts. The Ship Channel to Waha differential was basically unchanged at 10 cnts, with Waha up 3.3 cnts. Flows moving east dropped by 265,000 MMbtu. Socal roared up 13.5 cnts to $6.70, flipping the differential to Waha from 5 cnts under to 5 cnts over. Flows moving West to Socal were up by 72,000 MMbtu. Panhandle was up by 4.5 cnts to $6.27. Flows moving east from the Permian to Waha flipped from a 109,000 MMbtu delivery to a 26,000 MMbtu receipt. ERCOT peak load is at 47 GW.
US POWER - GAS BURN REPORT: October 10, 2007
US gas burn falls by 3.1 Bcf today after setting a record October burn of 26.8 Bcf in yesterday's I2 cycle. Yesterday's I2 nominations rose 1.3 Bcf from yesterday's evening cycle to settle 261 MMcf over Monday's nominations. The RFC and SERC have fallen off significantly today, with RFC down nearly 1 Bcf and SERC off 570 MMcf. WECC has steadily increased this week and is now burning 3.3 Bcf. Burn for the EIA week ending 10/11 is projected at 175 Bcf, 24 Bcf greater than the week ending 10/4.
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Expectations for tomorrow's EIA storage report.
Dow Jones Survey - 68 Bcf
Bloomberg Survey - 69 Bcf
Reuters Survey - 70 Bcf
robry825 - 74 Bcf
z24blackjet - 76 Bcf
And Bloomberg published this table today.
bloomberg.com
Latest Week's Avg Daily Latest Week's
Company Estimated Change Change Implied Storage
A.G. Edwards n.a. n.a. n.a. n.a.
Banc of America 62 to 72 9.57 3,330
C.H. Guernsey 57 to 67 8.86 3,325
Capital One Southcoast n.a. n.a. n.a. n.a.
Caprock Risk Management 70 to 70 10.00 3,333
Citigroup 75 to 75 10.71 3,338
Commercial Brokerage n.a. n.a. n.a. n.a.
ConocoPhillips 72 to 72 10.29 3,335
Fimat USA, Research n.a. n.a. n.a. n.a.
FirstEnergy Capital n.a. n.a. n.a. n.a.
Friedman Billings Ramse n.a. n.a. n.a. n.a.
Gelber & Associates 70 to 70 10.00 3,333
ICAP Energy n.a. n.a. n.a. n.a.
IAF Advisors 70 to 70 10.00 3,333
J.P. Morgan Chase Bank 69 to 69 9.86 3,332
Jefferies & Co. n.a. n.a. n.a. n.a.
Lehman Brothers n.a. n.a. n.a. n.a.
Man Financial 68 to 68 9.71 3,331
Morgan Stanley n.a. n.a. n.a. n.a.
PFC Energy n.a. n.a. n.a. n.a.
Ritterbusch & Assoc. 56 to 56 8.00 3,319
Raymond James & Assoc. 65 to 75 10.00 3,333
RBC Capital Markets 71 to 71 10.14 3,334
Societe Generale 68 to 68 9.71 3,331
Summit Energy 74 to 74 10.57 3,337
SunTrust Robinson Humph 72 to 72 10.29 3,335
Tristone Capital 60 to 70 9.29 3,328
UBS n.a. n.a. n.a. n.a.
USIG n.a. n.a. n.a. n.a.
Wachovia Corp. n.a. n.a. n.a. n.a.
Wachovia Equity Researc n.a. n.a. n.a. n.a.
Average 67 to 70 9.79 3,332
Good Luck! |
