Recent

% | $
Quotes you view appear here for quick access.

EXCO Resources Inc. Message Board

  • clay_bruner clay_bruner Sep 6, 2012 1:53 PM Flag

    nat gas report

    28 injected. 13% above last years levels at this time and only 10% above 5 year average levels at this time. The percentage of difference between now and both averages are decreasing fast. Good signs for nat gas.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • the 28 injected was much lower than last year at this time so the 13% above you mention must refer to the overall level. Pretty clear looking at the EIA chart that so called "overfilling" storage is a broken story....so now it will all come down to rig counts and how long the current wells plateau initially....figure it takes about 6 months before big declines set in and the shut ins started big time in May/June....so by the end of the year, the supply numbers should be flattening to down.....just in time for a cozy winter.....

      • 1 Reply to quantuon
      • That is what I meant - i.e., 13% with respect to the overall level last year, not the specific week. Same with the 10%. At these rates of injection those differences in percentages will disappear soon, probably before December. When the "excess" supply is gone, gas will go to $5+, if not higher. There are only 500 some odd rigs drilling for gas now, and gas companies will not bring them back to gas from oil. Moreover, the companies have learned their lessons and will not create that type of "oversupply" again, ever.

        Sentiment: Strong Buy

    • That much of a weekly decline of injection sure seems alot to be just hurricane related ... can't tell you how many times I heard a storm in the GOM is a non factor nowadays

 
XCO
1.70+0.08(+4.94%)May 21 4:03 PMEDT