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Crosstex Energy, Komandit Şirket Message Board

  • ross.john51 ross.john51 Nov 20, 2010 4:21 PM Flag

    Winter weather predictions

    I saw on TWC a story about early snowfall hitting Colorado, and not just the ski areas.
    I am wondering if any of the rest of the readers have heard any weather prognostications which may effect the amount of gas XTEX ends up shipping around the country this fall/winter/early spring that would have an effect on the bottom line?

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    • La Nina weather patterns are expected to bring a warmer than average winter to most of the country except the Northwest. Northwest is not a big population center and anyway gets significant energy from hydro.
      Overall winter is not expected to be positive for NG prices. The interesting question is how much NG will be in storage at the end of winter/start of next injection season. If winter is mild, 2011 might be a very rough year for NG pricing.
      Not so sure what this means for Crosstex though...maybe not much.