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If you missed the weekend wrap click here. Commodity Watch Crude Oil. When all was said and done about the economy last week, oil actually closed up almost 1% having rallied late in the week when news hit that the U.S government would be sending out checks for lunch money. Or gas money or Ipod [...]
1) CFTC data shows a big rise in longs and a cover for the natural gas shorts…Net short interest pulls back from recent record levels as cold weather mutes, at least for now, the impact of the current string of tough storage comps. For my recent thoughts on gas storage, prices, the weather etc [...]
The first iteration of the fourth quarter calendar is on the aptly named Calendar tab which can be accessed at left or here. Commodity Watch: Natural gas traded up $0.20 to close at $7.82 on what was essentially an inline withdrawal from storage of 155 Bcf (Street was at 158 Bcf; I was at 175 [...]
Natural gas traded up $0.20 to close at $7.82 on what was essentially an inline withdrawal from storage of 155 Bcf (Street was at 158 Bcf; I was at 175 Bcf). Here's Where Storage Stands Now: Zcomment: Last Week I Said: As for natural gas prices, I would expect them to eventually fail back into [...]
In Today's Post: 1) Estimates and thoughts on today's simultaneous oil and gas reports from the EIA 2) A merger among the service companies has potential positive ramifications for some forlorn onshore driller names (PKD) and (GW) 3) NE announces another strong quarter and some strong forward looking commments. Should bode well for (ESV) and [...]
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