Archive for January 31st, 2008


31
Jan

Thursday Night Gas Report Thoughts – Ho Hum Reaction To Record Gas Withdrawal

    Natural gas traded up $0.029 to close at $8.074 on a bigger than expected (and in fact all time record) withdrawal of 274 Bcf. The Street was at 250 Bcf; I was at 225 to 275 Bcf. All three regions are below year ago storage levels and the West region is 3.7% below […]

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31
Jan

Thursday Post – Gas Preview and Oil Review and lots, lots more…

Ok, even I thought the euphoria of a 50 basis point rate cut would last longer than an hour. But it turns out that Ben used some harsh language when he gave us our medicine. Phrases like: "recent information indicates a deepening of the housing contraction and some softening in labor markets", and "financial markets […]

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