Natural Gas Storage Report - November 26

[dan_s]

Working gas in storage was 3,432 Bcf as of Friday, November 21, 2014, according to EIA estimates. This represents a net decline of 162 Bcf from the previous week. Stocks were 346 Bcf less than last year at this time and 400 Bcf below the 5-year average of 3,832 Bcf.

This is the largest draw (by a wide margin) EVER recorded in November.

Wall Street "experts" were expecting a draw of 147 Bcf.

See chart: http://www.oilandgas360.com/analytics/n ... 6-26406629

The odds of natural gas pushing over $5.00/mcf by Christmas just went up a lot.

Sweet 16 most exposed to natural gas: GPOR, RRC, UNT, SM, XEC, DVN, EOG, NFX.

This is also VERY GOOD NEWS for Comstock Resources (CRK) and Gastar Exploration (GST)