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re: BOIL has become predictable
Posted on 4/21/14 at 7:21 pm to TheBigHurt
Posted on 4/21/14 at 7:21 pm to TheBigHurt
We have more than enough to fill to normal storage levels, but the last report showed it wasn't filling storage quickly enough.
The bears are still hopeful based on this supply, and the bulls are hoping for an extremely hot summer, making the supplies continue to increase more slowly than normal.
Right now the US is a NG importer. And we are talking about exporting up to 60% of what we produce. NG is still too low for shale to have any sort of impact.
This is my understanding of where we stand.
The bears are still hopeful based on this supply, and the bulls are hoping for an extremely hot summer, making the supplies continue to increase more slowly than normal.
Right now the US is a NG importer. And we are talking about exporting up to 60% of what we produce. NG is still too low for shale to have any sort of impact.
This is my understanding of where we stand.
This post was edited on 4/21/14 at 7:23 pm
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