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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (107557)8/21/2008 7:31:35 PM
From: quehubo  Read Replies (1) of 206165
 
It should not be much of a surprise that when weather cools utilization of nukes drops off. NG prices drop and the nuke margins shrink big time. Now if they had any maintenance they would have waited for a good market opportunity.

Also with cool temps they may have been forced to deload at night.

I think they are underestimating the storage level a bit. We have a very warm September last year and moved some NG as I recall. Either way I suspect we will match last years storage level unless October is quite cold.
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