Hi CeeJay,
Thanks for the update. I've been a bit sidetracked this week.
The Ng chart is still a bear, see Trades last post on Ng.
Build estimates are in the 95 to 100 Bcf range, so likely still bearish.
General thoughts ....
Ng up a bit today, tonight but may just be the "pre-report bounce" we have been seeing lately.
Expect price to drop after report but things may start to change pretty soon.
Seems producers are still bringing up gas in spite of the price, but the cost of money is so low that they seem to find it worthwhile. The emphasis seems to be shifting toward oil and liquids but still yielding substantial dry gas.
Doubt that brief weather shut ins in the GOM will really be noticed.
Price also being supported a bit by the Nuclear Plant shutdowns for fall maintenance and re-fueling. Have to finish the spreadsheet, but I suspect the "make up gas" to compensate is about equal to the total GOM production.
Anyway, life goes on !!!! Cold weather is coming !!!!
Take care,
Lee