13
Feb
Saturday Special Edition
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Hello,
We had technical difficulties from Thursday after post time to Friday afternoon. Nothing to do with the site and everything to do with our ability to connect to the internet due to ice. We apologize for any inconvenience caused by our slower than usual response time. Below please find the natural gas sections typically found in the Friday post. The Wrap will be out Sunday.
Best
Z
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Price Deck Watch:
- Street 2021 at $2.75
- Street 2022 at $2.73
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Weather Watch:
- Last week: Gas weighted Heating Degree Days (HDDs) came in at 206 vs 216 normal and 224 (coldest of season) in the prior week.
- This week's forecast: This week, CPC predicts HDDs will jump to 255 vs 206 normal.
- Next week's HDD forecast to be considerably higher.
Early Read on Next Week:
- We expect an > 200 Bcf withdrawal (as per the table below).
- Consensus as of Friday was - 252 Bcf.
- Next week is cooler still and our view is that the coming two reports can exceed a combined 500 Bcf withdrawn.
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NGLs Price Watch (good for SWN, AR, and currently unowned name RRC)
3-D printing of Wind Turbine blade tips
Am skeptical of tensile strength in in blade tips, which are highly stressed. However, you have some very capable players in this R&D effort GE / NREL etc.
https://www.renewableenergymagazine.com/wind/ge-awarded-doe-grant-to-research-3d-20210209?utm_campaign=newsletterRenewableEnergyMagazine&utm_medium=newsletterClick&utm_source=General+newsletter+2021-02-12
February 13th, 2021 at 3:03 pm500 NG & Fuel trucks destroyed in 2 explosions @ IRAN/AFGHAN border…… visible from the space
https://www.theguardian.com/world/2021/feb/13/huge-blaze-on-afghanistan-iran-border-spotted-from-space
February 13th, 2021 at 6:40 pm[…] crysball on Saturday Special Edition […]
February 13th, 2021 at 8:43 pm“Natural gas hit a record $600 per million British thermal units in Oklahoma.”
Ouch!
https://www.bloomberg.com/news/articles/2021-02-14/deep-freeze-sends-gas-soaring-to-600-over-the-long-u-s-weekend?sref=eEYLciOi
February 14th, 2021 at 12:22 pmre 4 – Waha, which was negative at times last year saw > $160 on Friday. Waha goes to Woohoo.
February 14th, 2021 at 12:28 pmThe Wrap is up by the way.
February 14th, 2021 at 4:40 pm