Energy Prospectus

I highly recommend that all of you listen to this webinar replay. The first 20 minutes are on how tight the US natural gas market is.
My notes
> US gas market will be under-supplied by ~1.6 Bcf per day in 2022.
> We must have big storage builds in April and May to have any chance of getting storage back to the 5-year average by November.
> Hydro electricity generation is down due to low snow back in California, very bullish for natural gas.
> High coal prices push eliminate fuel switching until ngas gets over $6.50/MMBtu. < This sets the floor price for gas this summer.
> US LNG export capacity is now 13 Bcfpd. Going to over 20 Bcfpd by 2028.
> To increase US natural gas production we need a lot more pipelines and a lot more well completions.
> Haynesville Shale is the only area with significant upside for increasing production < Very bullish for Comstock Resources (CRK).
> Based on the EIA's Short Term Energy Outlook, Ngas storage will be ~3.3 Tcf by mid-November, which is not enough to make it thru a cold winter.

Watching the other Aegis webinar that Dan sent out. Snowpack is way down in Ca which means greater NG demand this summer

Found this, water levels are 35 to 40 per cent of normal

https://cdec.water.ca.gov/snowapp/sweq.action

Jay Allison {CRK} spoke at EnercomDallas on April 6. It can be viewed on the Enercom website and is worth watching. About the same time the stock started to move and began trading 5 million shares per day.