DJ UPDATE: US GAS: Futures End Lower On Industrial Data, Weather
futuresource.quote.com
The U.S. Energy Information Administration is expected to report that 87
billion cubic feet of gas were added to inventories during the week ended July
10, according to the average forecast of 17 analysts and traders surveyed by
Dow Jones Newswires. If the average forecast is correct, inventories as of July
10 will total 2.883 trillion cubic feet, 19% above the five-year average and
26% above a year earlier.
Bloomberg: Natural Gas Falls on Estimates of Above-Average Inventory Gain
bloomberg.com
Supplies probably rose 92 billion cubic feet last week, according to the median of 18 analyst estimates compiled by Bloomberg. The five-year average increase is 88 billion.
Reuters:
* Muggy, hot weather across South, West stirs demand
* Gas futures slide despite much stronger crude
* Record high storage weighs on sentiment
NEW YORK, July 15 (Reuters) - U.S. spot natural gas prices
rose at every price point for the second consecutive day
Wednesday, lifted by extreme hot weather across the southern
United States that stirred demand for power despite milder
weather in the Northeast and weaker gas futures...
www1.investorvillage.com
Injection estimates for this week's report ranged from 63
bcf to 102 bcf, with most traders and analysts expecting stocks
to rise by about 87 bcf when weekly data is released Thursday
at about 10:30 a.m. EDT, a Reuters survey showed.
Stocks rose an adjusted 102 bcf for the same week last
year, while the five-year average build for that week is 88
bcf.
First Enercast NG Estimate
www1.investorvillage.com
prediction for week ending 7/10/09
Weekly change
+90 Bcf up est
Z24blackjet
www1.investorvillage.com
+98 Bcf
robry825
www1.investorvillage.com
+94 Bcf
=====
Expectations for Thursday's reported storage build are:
Dow Jones Survey 87 Bcf
Bloomberg Survey 92 Bcf
Reuters Survey 87 Bcf
BENTEK Storage Rpt N.A
First Enercast 90 Bcf
robry825 2003 model 94 Bcf, 2005 86 Bcf, 2008 94 Bcf
z24blackjet 98 Bcf
Last year's build 102 Bcf
Five year average 88 Bcf
|
