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Bastardi's Updates
When I tried to find Joe today, I discovered his free stuff is now on Facebook:
https://www.facebook.com/weatherbellanalytics/
Bastardi's Updates
Re: Bastardi's Updates
You do not have to go through Facebook. Just go here: http://www.weatherbell.com/premium/
You should all listen to Joe's 10/27 update. Very bullish stuff for natural gas prices.
A lot of Joe's clients are in the energy business. When I was at Hess, we had a trading department with a dozen people and they checked several public and private weather services daily. Joe's is one of the most trusted.
You should all listen to Joe's 10/27 update. Very bullish stuff for natural gas prices.
A lot of Joe's clients are in the energy business. When I was at Hess, we had a trading department with a dozen people and they checked several public and private weather services daily. Joe's is one of the most trusted.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Bastardi's Updates
Joe's Saturday Update 10/29 does a good job of explaining why a MAJOR change in the North American weather pattern is coming the 3rd week of November.
If we have colder than normal weather in the eastern half of the United States for the last six weeks of 2016, it will set up high natural gas prices for the first quarter of 2017. How high depends on how cold it gets and how much gas is drawn from storage. Because supply and demand is AT LEAST 4 Bcf per day tighter now than it was last year, we could see some very large draws from storage in December. The last time gas in storage fell 100 Bcf below the 5-year average (January, 2014) the Henry Hub gas price spiked to over $6.00/MMBtu.
I am not saying this will happen for sure, but the ducks are lining up for a very interesting winter heating season.
If we have colder than normal weather in the eastern half of the United States for the last six weeks of 2016, it will set up high natural gas prices for the first quarter of 2017. How high depends on how cold it gets and how much gas is drawn from storage. Because supply and demand is AT LEAST 4 Bcf per day tighter now than it was last year, we could see some very large draws from storage in December. The last time gas in storage fell 100 Bcf below the 5-year average (January, 2014) the Henry Hub gas price spiked to over $6.00/MMBtu.
I am not saying this will happen for sure, but the ducks are lining up for a very interesting winter heating season.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group