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

To: GaAs52 who wrote (66050)	6/16/2006 6:06:33 PM
From: quehubo	Respond to of 206272

No doubt filling storage to the maximum levels will be a challenge, as you can see though from spot prices today that some are required to bid up prices today away from ng that would have gone where? To storage otherwise. I suspect there is very little undedicated storage remaining through the fill season. So ng has to go somewhere while the remaining injections go per schedule day after day. Keep an eye on prices over the Summer, I am more concerned about the 18 month strip which will march higher as each one of these glut months passes. Once the first draw is seen the glut is a thing of the past. Low ng prices relative to oil in the Winter will move ng as well.