Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (38385)	1/12/2005 5:21:45 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206326

The next catalyst for natural gas futures will be Thursday's weekly storage report. Natural gas analysts and traders expect the report to show a drop in inventories of 96 billion cubic feet for the week ending Jan. 7, according to a Dow Jones Newswires survey. The range of 33 predictions was from a draw of 60 Bcf to a draw as high as 162 Bcf with a median expectation of a draw of 90 Bcf. The range of expectations is unusually wide for a non-holiday week. "There's just a huge disparity out there," said Kyle Cooper, an energy analyst at Citigroup. A separate survey of 15 analysts sees total storage at the end of the heating season on March 31 reaching 1,268 Bcf, a figure 23.8% or 244 Bcf above the five year average level. The glut of gas is seen keeping a lid on prices even in the event of severe weather. "The one constraint is that there's almost 2,700 Bcf in the ground," said Gleichmann. "That window's closing (and) traders are beginning to draw the conslusion that $6.00/MMBtu is expensive." Physical gas prices dropped more modestly than futures. Deals on the benchmark Henry Hub were in a range of $5.84-$5.99/MMBtu versus $5.88-$6.04 Tuesday. ------ clipped from: futuresource.com