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Ultra Petroleum Corp. Message Board

  • cpataxweb cpataxweb Nov 28, 2012 11:21 AM Flag

    Natural Gas Stockpiles Shrink

    Stockpiles held in underground storage in the lower 48 states fell by 38 billion cubic feet (Bcf) for the week ended November 16, 2012, higher than the guided range (of 23–27 Bcf gain) as per the analysts surveyed by Platts, the energy information arm of McGraw-Hill Companies Inc. (MHP - Analyst Report).

    The decrease represents the second withdrawal of the 2012-2013 winter heating season after stocks hit an all-time high in early November. More importantly, the weekly storage draw has trimmed the surplus relative to the benchmarks.

    Sentiment: Strong Buy

 
UPL
15.94-0.81(-4.84%)Mar 5 4:06 PMEST

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