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 (124174)	9/10/2009 2:33:56 PM
From: Dennis Roth	Respond to of 206176

EIA Reports 69 Bcf Fill, Gas Rig Count Rising, But 'Double Dip' Scenario Possible 12 pages 200 KB Link: sendspace.com Excerpt: Natural Gas Rig Count Climbs Back Above 700, But 'Double Dip' Scenario Possible for 2010: Despite weakness in the forward curve, the natural gas rig count is on the rise after reaching a recent trough on July 17 (665 rigs). Last Friday, the U.S. natural gas rig count rose by two rigs to 701, marking the seventh consecutive weekly increase. The rig additions have come despite a slumping 2010 curve, which is down 8% over the same time span to just $5.32 per MMBtu today. The gas rig count has now climbed back above 700 rigs for the first time since June 5 and is now up 36 rigs (up 5%) since the low. With many companies publicly discussing rig additions and higher 2010 growth, it appears that activity will keep rising for a while. However, we think that producers may be forced to cut the rig count a second time (ie. `double dip') later in 2010 if sagging forward curve prices persist and given the roll off of robust 2009 hedges. Producers are currently just 39% hedged on next year's production and forward curve prices are too low to entice further hedge additions. At current 2010 strip prices and after incorporating hedges, cash flows for gas-focused producers are estimated to fall about 7% from 2009 spending levels.

To: Dennis Roth who wrote (124174)	9/10/2009 2:47:29 PM
From: Madharry	Read Replies (1) \| Respond to of 206176

so why are nat gas stocks smoking?

To: Dennis Roth who wrote (124174)	9/17/2009 10:33:05 AM
From: Dennis Roth	7 Recommendations Read Replies (2) \| Respond to of 206176

66 BCF INJECTION - Much less than expected. And the nat. gas rally goes on. Expectations were: Dow Jones Survey 76 Bcf Bloomberg Survey 80 Bcf Reuters Survey N.A. Jeffries 76 Bcf BENTEK Storage Rpt 68 Bcf First Enercast 62 Bcf Raymod James 71 to 81 Bcf robry825 2003 model 67 Bcf, 2005 59 Bcf, 2008 67 Bcf z24blackjet 70 Bcf Last year's build 65 Bcf Five year average 82 Bcf Summary: Working gas in storage was 3,458 Bcf as of Friday, September 11, 2009, according to EIA estimates. This represents a net increase of 66 Bcf from the previous week. Stocks were 496 Bcf higher than last year at this time and 487 Bcf above the 5-year average of 2,971 Bcf. In the East Region, stocks were 153 Bcf above the 5-year average following net injections of 45 Bcf. Stocks in the Producing Region were 261 Bcf above the 5-year average of 849 Bcf after a net injection of 11 Bcf. Stocks in the West Region were 72 Bcf above the 5-year average after a net addition of 10 Bcf. At 3,458 Bcf, total working gas is above the 5-year historical range. Working Gas in Underground Storage Compared with 5-Year Range eia.doe.gov