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General Electric Company Message Board

beaner9576 165 posts  |  Last Activity: 20 hours ago Member since: Apr 25, 2012
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  • Reply to

    Gas supply

    by margin321 Jan 21, 2014 6:27 AM
    beaner9576 beaner9576 Jan 21, 2014 7:07 AM Flag

    Suggest you read the many stories on PROPANE SHORTAGE and report correctly. Affected area are mostly rural. Logistics of a delivery system for propane is the problem due to grain drying was high due to wet crop, Wisconsin propane processor system was down, and exceptual cold spell. NOTHING to do with NG Supply Shortages. NOTHING! Please explain your post as how it effects ECA.

  • Now they know about God. Too late.

  • beaner9576 beaner9576 Jan 19, 2014 2:16 PM Flag

    Yes, there R unknowns but Y buy something that is this unknow today. Today points to low NG prices for years to come. That is Y ECa has done very very very Poorly last few years versus Market. Sure market could crash, but it does not look like it will today. However, today NG prices are forecasted to stay low. At least u finally agree its a crapola shoot on ECA right now.

  • beaner9576 beaner9576 Jan 19, 2014 10:15 AM Flag

    Just your opinion, right? Facts, there are many producers that will take a low ROI or even a loss on CAP EX due to need of CASH FOW requirements. Thus, low prices for quite a few years. Your $5.50 price PLUS are years away. Thus ECA will just stagnate for the same number of years. at least 3 years, most likely more.

  • Natural gas prices are climbing after a steep drop in supplies. But one analyst says bulls are forgetting something: There’s plenty more where that came from.

    High production is still casting a shadow on the U.S. market, and the days of near-record-low gas prices are not over, says Katherine Spector, head of commodities strategy at CIBC World Markets. The current strength in prices could lead to even more supply down the line, she says.

    Utility companies have pulled natural gas out of storage at high rates this winter to meet indoor heating demand. In the week ended Jan. 10 – when record-cold temperatures swept the Midwest and East Coast – 287 billion cubic feet of natural gas were withdrawn from storage, according to the Energy Information Administration.

    That’s the largest storage withdrawal on record – and the second largest, 285 bcf, occurred last month.

    Suddenly, market watchers are worrying that natural-gas supplies could drop to multi-year lows at the end of the winter, raising the bar for producers to replenish those inventories over the summer before temperatures drop again. Front-month Nymex futures recently traded up 2% at $4.412 a million British thermal units, just below multiyea

    Ms. Spector says those fears are overblown. Domestic production held near multi-year highs in December, thanks to technical advances that have enabled energy producers to access supplies trapped in shale-gas fields. Output will only increase as new pipeline capacity is added, especially to transport gas from the booming Marcellus Shale,

    Ms. Spector has been bearish for a while, and her 2013 prediction that natural gas prices would average $3.40/mmBtu was 33 cents too low. But she says the winter cold spike, despite recent soaring prices, is  “the most bearish thing that could happen to gas.”

    More producers are hedging, or locking in their prices for the next six to 24 months at current levels, Ms.
    Spector said. Supply, regardless of storage levels, will keep prices low.

GE
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