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: Ed Ajootian who wrote (64895)	5/24/2006 7:16:04 PM
From: quehubo	Respond to of 206121

The other terminal where BG is the capacity holder, Elba Island, Georgia, also has strong sendout of 416 MMcf/d so far this month, up 65% from year-ago levels, while the two remaining US terminals are at or below rates of earlier years, leaving total US imports at 1.71 billion cubic feet per day, up 77% from last May. So while the pattern is similar to past springs, with US imports rising as winter ebbs, the extent of the US gain is abnormally large. The explanation may lie in the unique US combination of futures prices for next winter that are in a much more appealing $10/MMBtu range -- as concern about availability next winter overshadows current high US storage levels -- and the continuing availability of ample storage capacity (WGI May3,p6). A quick review of imports last May shows 1.7 bcf, which was the Q2 average. So 77% increase? If by chance we are getting a large increase of LNG imports above this amount I would consider it bullish that storage injections have not been higher.