So far we have -562 BCF less than last year at this time. Last years next 3 withdrawls
were -194, -118, 157. We are looking at a conservative -275, -295, -80 for the next 3 weeks
which brings us to -743 BCF compared to last year, Last year the dates of Jan 30, Feb 6, 13
20, 27 came in at an average -130 BCF. So basically if February comes in cold we can easily be
-1000 BCF below last years storage, and that my friends is good news for NG going forward.
Well, so -275 projection of yours didn't materialize. Where did you even get it from? -295 for next report is a bit too pessimistic as well, but just a bit. Probably will come in at -280 or so. But after that it's all warm and cozy.
I just took a look at last years UNG prices and they were in the $18 range Dec 2012 and $19 range Jan, 2013.
SO I am sure N-gas was cheaper last year at this time.
So lower inventory for this year looks to be priced in already.
I believe there is a industry inventory/ price table up in the cloud some where and they use that to produce the trading channel. :-))