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Encana Corporation Message Board

  • pptxxx pptxxx Sep 3, 2009 12:15 PM Flag

    NG Storage up another 65 Bcf

    Working gas in storage was 3,323 Bcf as of Friday, August 28, 2009, according to EIA estimates.

    This represents a net increase of 65 Bcf from the previous week.

    Stocks were 489 Bcf higher than last year at this time and 501 Bcf above the 5-year average of 2,822 Bcf.

    October NG is currently trading @ $ 2.527 and
    November is trading @ $ 3.752

    ECA is up $ 0.65 @ $ 50.49

    When the DOW is up ECA is up – NG prices don’t matter nor do the fundamentals.

    It is still time to go short and to buy puts

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