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To: Dennis Roth who wrote (114543)12/4/2008 2:28:28 PM
From: Dennis Roth1 Recommendation  Read Replies (1) | Respond to of 206806
 
EIA Reports 64 Bcf Draw, Oil to Gas Ratio Continues to Fall
Credit Suisse analysis
Link: sendspace.com



To: Dennis Roth who wrote (114543)12/11/2008 10:36:14 AM
From: Dennis Roth3 Recommendations  Read Replies (3) | Respond to of 206806
 
67 BCF draw down - MUCH less than what was expected.

Expectations were:


Dow Jones Survey -84 Bcf
Bloomberg Survey -85 Bcf
Reuters Survey N.A.
BENTEK Storage Rpt -70 Bcf
robry825 2003 model -72 Bcf, 2005 -80 Bcf, 2008 -72 Bcf
z24blackjet -75 Bcf
quehubo -85 Bcf without holiday impact or ~75 with.

Last year's draw -129 Bcf
Five year average -108 Bcf


Summary
Working gas in storage was 3,291 Bcf as of Friday, December 5, 2008, according to EIA estimates. This represents a net decline of 67 Bcf from the previous week. Stocks were 45 Bcf less than last year at this time and 110 Bcf above the 5-year average of 3,181 Bcf. In the East Region, stocks were 36 Bcf above the 5-year average following net withdrawals of 58 Bcf. Stocks in the Producing Region were 25 Bcf above the 5-year average of 930 Bcf after a net withdrawal of 8 Bcf. Stocks in the West Region were 49 Bcf above the 5-year average after a net drawdown of 1 Bcf. At 3,291 Bcf, total working gas is within the 5-year historical range.

eia.doe.gov