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To: Celtictrader who wrote (142086)11/22/2010 4:07:05 PM
From: Rock_nj1 Recommendation  Respond to of 206209
 
The natural gas storage report this week is Weds at 12 Noon. It's the following Report on December 2nd that should show a decent drawdown of natural gas from storage because it's going to be cold later this week in the eastern U.S., and natural gas drilling will be slowed by the holiday. But by then we may be looking at another warm up. The La Nina pattern appears to be developing this winter, as predicted.



To: Celtictrader who wrote (142086)11/22/2010 6:42:53 PM
From: Ed Ajootian  Respond to of 206209
 
Celtic, I'm starting to get somewhat constructive on natty prices, at least for the long term. It was particularly encouraging to see natty rig counts finally start to go down more than an immaterial number recently. I believe we are now back down to rig count levels of last March or so. Maybe now that huge logjam of wells waiting for fracs can finally start to get whittled down.

Hopefully we get a little help from Mother Nature in the next few months, we sure could use it at this point.