Thursday, May 22, 2014

EIA Natural Gas Storage Report: Injections Over 100 Bcf, Futures Clobbered

June's $4.377 down 0.096, session low $4.370.
We continue to prefer the equities, our proxy for the group is the First Trust ISE-Revere Natural Gas Index currently trading at $21.97, down 17 cents.

From the EIA:


for week ending May 16, 2014   |   Released: May 22, 2014 at 10:30 a.m.   |   Next Release: May 29, 2014

Working gas in underground storage, lower 48 states Summary text CSV JSN
    Historical Comparisons
Stocks
billion cubic feet (Bcf)
  Year ago
(05/16/13)
5-Year average
(2009-2013)
Region 05/16/14 05/09/14 net change implied flow   (Bcf) % change (Bcf) % change
East 522     457     65     65       850     -38.6     971     -46.2    
West 231     219     12     12       366     -36.9     346     -33.2    
Producing 513     484     29     29       823     -37.7     892     -42.5    
   Salt 140     126     14     14       237     -40.9     188     -25.5    
   Nonsalt 373     358     15     15       586     -36.3     704     -47.0    
Total 1,266     1,160     106     106       2,040     -37.9     2,209     -42.7  

...MORE