DJ UPDATE:US GAS: Futures Follow Crude Lower Amid Ample Supplies
futuresource.quote.com
The EIA is expected to report Thursday that natural gas storage declined by a
smaller-than-average 11 billion cubic feet for week ended March 20, according
to the average prediction of 13 analysts and traders in a Dow Jones Newswires
survey.
Bloomberg: Natural Gas Declines as Report Forecast to Show Ample Supplies
bloomberg.com
Inventories of gas last week probably fell 10 billion cubic feet, according to the median of 11 analyst estimates compiled by Bloomberg.
Reuters:
* Northeast, Midwest forecasts revised to cooler
* High inventories, slow economy still weigh on sentiment
NEW YORK, March 25 (Reuters) - U.S. spot natural gas prices were little
changed Wednesday, but revised cooler forecasts, particularly for the
Midwest, helped limit losses despite comfortable supplies and concerns
about a weak economy, traders said...
www1.investorvillage.com
A Reuters poll on Wednesday showed inventories were expected to decline
9 bcf when weekly EIA storage data is released on Thursday at about 10:30
a.m.
Stocks fell an adjusted 43 bcf for the same week last year, while the
five-year average decline for that week is 49 bcf.
If drawdowns for the next few weeks match the five-year average pace,
inventories will end the heating season at 1.586 tcf, about 17 percent
above average and a very comfortable level to start the
April-through-October stock building season.
First Enercast NG Estimate
www1.investorvillage.com
* First Enercast Financial prediction for week ending 3/20/09 : 1,642 Bcf
* First Enercast Financial predicted weekly change: -9 Bcf
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Expectations for Thursday's reported draw are:
Dow Jones Survey -11 Bcf
Bloomberg Survey -10 Bcf
Reuters Survey -09 Bcf
BENTEK Storage Rpt N.A.
First Enercast -09 Bcf
robry825 2003 model -5i Bcf, 2005 -13i Bcf, 2008 -5i Bcf
z24blackjet -09 Bcf
quehubo -09 Bcf
Last year's draw -43 Bcf
Five year average -49 Bcf
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