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Re: weather July 4th-11th/CeeJay

Hi Ceejay,
A followup for tomorrow.

This is update of what I found last week, end of day Wed. before report:
http://www.naturalgasinvesting.org/2011/06/ became available about 5.30pm
June 29, 2011
Natural Gas Inventory Estimates Range +80-84bcf

Natural gas analysts surveyed by Platts are estimating a natural gas inventory
injection of 80 Bcf to 84 Bcf for the week that ended June 24, 2011.

The EIA will report weekly natural gas inventory data at 10:30ET on Thursday
June 30.

No mention of Wed. price movement as was the case for last week ???
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Have you come up with an estimated net injection for this week ???

Last week the EIA number came in 7 bcf above the expected range and price dropped quite a bit.

Price also went down on the preceding Wed. as it did again today.

I have learned that some "paid subscription" data is available as early as Tuesday, based on the prior weeks pipeline transmission data.
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My estimate for tomorrow's build (net injection/increase in storage) is 78 bcf.

If this number actually pans out, then based on S/D the Ng price should actually go up tomorrow after the stocks report.

I allow that 2 bcf is not a huge number in the scheme of things, so, we'll see what really happens !!

Let me know your net injection/build number.
Thanks, Lee

Messages In This Thread

Re: weather July 4th-11th/CeeJay