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re: BOIL has become predictable
Posted on 5/28/14 at 7:13 am to Iowa Golfer
Posted on 5/28/14 at 7:13 am to Iowa Golfer
I can tell you who isn't predictable, commodity traders.... Sons of bitches are pumping and dumping ung right now and manipulating price.
Posted on 5/28/14 at 9:50 am to Iowa Golfer
I'm in deeper. 40 additional puts.
Posted on 5/28/14 at 10:19 am to Iowa Golfer
In some ways predictable. June contract settlement rushed to cash price. July and August contracts trading below cash, and UNG took a beating on their ongoing roll, not yet reflected in NAV or trading price.
Posted on 5/28/14 at 2:35 pm to Iowa Golfer
Any predictions for the report tomorrow? DGAZ been getting pounded all week.
Posted on 5/28/14 at 3:08 pm to TheBigHurt
Platts Pre-Report Analyst Survey Suggests 107 Bcf to 111 Bcf Addition to Natural Gas Stocks
Washington - May 28, 2014
The U.S. Energy Information Administration (EIA) on Thursday is expected to report a natural gas storage injection between 107 billion cubic feet (Bcf) and 111 Bcf for the week ended May 23, according to a Platts survey of analysts.
A number within that range would be higher than both the 88-Bcf build reported a year ago and the 93-Bcf five-year average, according to EIA data.
Beyond the consensus, the wider range of analysts’ expectations for Thursday’s report spanned from injections of 100 Bcf to 115 Bcf.
As of last week, stocks stood at 1.266 trillion cubic feet (Tcf), a 37.9% deficit the year-ago level and a 42.7% deficit to the five-year average of 2.209 Tcf. As a result, analysts continue to raise concerns about the market’s ability to refill storage adequately this summer.
"We keep hearing about record production, but we're also seeing record demand," said Phil Flynn, senior market analyst at Price Futures Group. "And we're also hearing more about tightness in pipeline capacity."
Producers "may want to produce a lot, but they can't get the pipeline capacity. The issues are still being worked out on capacity, and it's not going to be resolved this summer," Flynn said. "So in the longer-term scenario, it might not be as easy as some think to get production where it needs to be."
Analysts also noted that despite the expectation of a triple-digit injection in Thursday’s report, the forecast for next week is lower. "The bears in the market are looking for a biblical proportion kind of injection, but I'm not sure we have enough pipeline capacity to allow that to happen," said Tom Saal, broker at INTL FCStone.
To schedule an interview with a Platts or Bentek Energy natural gas expert about this survey or about supply/demand or policy developments in natural gas, contact Kathleen Tanzy at kathleen_tanzy@platts.com or 212-904-2860.
This analyst survey is conducted by the Platts editorial team in Washington, D.C., and is published every Wednesday morning, one day ahead of the 10:30 a.m. (ET) Thursday release of the weekly natural gas storage report of the U.S. Energy Information Administration. Platts has been conducting this survey since January 2007. The survey includes 15 to 25 analysts, some on a rotational basis.
Washington - May 28, 2014
The U.S. Energy Information Administration (EIA) on Thursday is expected to report a natural gas storage injection between 107 billion cubic feet (Bcf) and 111 Bcf for the week ended May 23, according to a Platts survey of analysts.
A number within that range would be higher than both the 88-Bcf build reported a year ago and the 93-Bcf five-year average, according to EIA data.
Beyond the consensus, the wider range of analysts’ expectations for Thursday’s report spanned from injections of 100 Bcf to 115 Bcf.
As of last week, stocks stood at 1.266 trillion cubic feet (Tcf), a 37.9% deficit the year-ago level and a 42.7% deficit to the five-year average of 2.209 Tcf. As a result, analysts continue to raise concerns about the market’s ability to refill storage adequately this summer.
"We keep hearing about record production, but we're also seeing record demand," said Phil Flynn, senior market analyst at Price Futures Group. "And we're also hearing more about tightness in pipeline capacity."
Producers "may want to produce a lot, but they can't get the pipeline capacity. The issues are still being worked out on capacity, and it's not going to be resolved this summer," Flynn said. "So in the longer-term scenario, it might not be as easy as some think to get production where it needs to be."
Analysts also noted that despite the expectation of a triple-digit injection in Thursday’s report, the forecast for next week is lower. "The bears in the market are looking for a biblical proportion kind of injection, but I'm not sure we have enough pipeline capacity to allow that to happen," said Tom Saal, broker at INTL FCStone.
To schedule an interview with a Platts or Bentek Energy natural gas expert about this survey or about supply/demand or policy developments in natural gas, contact Kathleen Tanzy at kathleen_tanzy@platts.com or 212-904-2860.
This analyst survey is conducted by the Platts editorial team in Washington, D.C., and is published every Wednesday morning, one day ahead of the 10:30 a.m. (ET) Thursday release of the weekly natural gas storage report of the U.S. Energy Information Administration. Platts has been conducting this survey since January 2007. The survey includes 15 to 25 analysts, some on a rotational basis.
Posted on 5/28/14 at 3:17 pm to Iowa Golfer
Wow, 107-111 is pretty high expectation. Hopefully we can top that.
Posted on 5/28/14 at 3:20 pm to TheBigHurt
I wish there was a natural gas VIX trade.
Posted on 5/28/14 at 4:58 pm to Iowa Golfer
I don't like the tone of these analysts. Pumpers I hope.
Posted on 5/28/14 at 5:03 pm to rintintin
It pisses me off they don't have the infrastructure to handle natural gas production in 2014.
Its been almost 5 years since Fracking started popping.
Its been almost 5 years since Fracking started popping.
Posted on 5/28/14 at 9:42 pm to L S Usetheforce
I'll be at the Capitol tomorrow. Unfortunately. I'm not sure what to expect, but I'm guessing the injection will somehow be seen as good news for the bulls whatever it is. Either that, or the one day down pattern we've been seeing, meeting resistance, then falling to a new, slightly higher support level.20/2
In any event, I'm going to place sells order on a portion of my July UNG puts.
I still think natural gas below $4.50 is vital, and maybe even below $4.00 is possible. To be perfectly honest, I am slightly concerned that this might not turn out as well as planned. I think it turns out ok, just not quite what I once thought.
We'll sit back and watch. There is plenty of time on this, and I'm just a bit more negative than usual this evening. Probably because I need to waste a d at campaign ceremonies. frick. Some of the shite we need to do in order to make money is really painful sometimes.
In any event, I'm going to place sells order on a portion of my July UNG puts.
I still think natural gas below $4.50 is vital, and maybe even below $4.00 is possible. To be perfectly honest, I am slightly concerned that this might not turn out as well as planned. I think it turns out ok, just not quite what I once thought.
We'll sit back and watch. There is plenty of time on this, and I'm just a bit more negative than usual this evening. Probably because I need to waste a d at campaign ceremonies. frick. Some of the shite we need to do in order to make money is really painful sometimes.
Posted on 5/29/14 at 7:58 am to TheBigHurt
I'm going to grab some more DGAZ this am under $3.
Posted on 5/29/14 at 9:06 am to TigeRoots
It should be a good deal if the injection is in that estimated range.
Posted on 5/29/14 at 9:24 am to rintintin
Yeah it's bullshite, I read stuff like it everyday. There's been more pipeline capacity put in service in the last 5 years than in the last 50. If you want to argue there's some gas trapped in the Marcellus, fine, but that's a pretty broad statement to make.
Posted on 5/29/14 at 9:34 am to sneakytiger
114 bcf injection.........moving along nicely......we stay an avg of a hundred until july 30th and we will be just fine.
Posted on 5/29/14 at 9:35 am to L S Usetheforce
if it holds like it has been where price drops all week then bumps thursday I may start buying 1000 shares of KOLD on wed and dumping mid thursday for a while.
Posted on 5/29/14 at 9:51 am to L S Usetheforce
114 bcf is mighty impressive...
Posted on 5/29/14 at 9:58 am to TheBigHurt
Too bad the market doesn't think that.
Posted on 5/29/14 at 10:02 am to TheBigHurt
Although we're not seeing quite as violent a move as last week. I'm wondering if the bears are growing weary.
Posted on 5/29/14 at 3:26 pm to rintintin
Weird day today. A good injection number, but looked like people didn't know how to react to it. Bears won out by the end of the day, but with that injection I would've expected a much bigger move.
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