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To: Dennis Roth who wrote (115421)12/18/2008 5:04:34 PM
From: Dennis Roth4 Recommendations  Read Replies (1) | Respond to of 206808
 
EIA Reports 124 Bcf Draw, Natural Gas Cost Curve Likely Peaked in Q3
Credit Suisse analysis

Link: sendspace.com



To: Dennis Roth who wrote (115421)12/24/2008 12:52:36 PM
From: Dennis Roth3 Recommendations  Read Replies (3) | Respond to of 206808
 
147 BCF draw down - More than what was expected by the wire service surveys.

Expectations were:

Dow Jones Survey -138 Bcf
Bloomberg Survey -140 Bcf
Reuters Survey -139 Bcf
BENTEK Storage Rpt N.A.
robry825 2003 model -152 Bcf, 2005 -154 Bcf, 2008 -152i Bcf
z24blackjet -149 Bcf
quehubo -140 Bcf

Last year's draw -153 Bcf
Five year average -132 Bcf


Summary
Working gas in storage was 3,020 Bcf as of Friday, December 19, 2008, according to EIA estimates. This represents a net decline of 147 Bcf from the previous week. Stocks were 35 Bcf less than last year at this time and 99 Bcf above the 5-year average of 2,921 Bcf. In the East Region, stocks were 15 Bcf above the 5-year average following net withdrawals of 91 Bcf. Stocks in the Producing Region were 48 Bcf above the 5-year average of 861 Bcf after a net withdrawal of 24 Bcf. Stocks in the West Region were 37 Bcf above the 5-year average after a net drawdown of 32 Bcf. At 3,020 Bcf, total working gas is within the 5-year historical range.
eia.doe.gov