Joe Bastardi's January Weather Forecast

[dan_s]

Watch the Saturday Summary at this link: https://www.weatherbell.com/premium/

Joe goes a bit crazy from time-to-time, but what I like is that he explains why the weather pattern has changed. Also, most of the other weather forecasters (that don't own their own company) have a bias to "The Narrative" that fits with Climate Change Wachos agenda.

Based on Joe's forecast, we may see a 300 Bcf draw from storage for the week ending January 10th. Why? because the temperatures in Appalachia will be so low that they will cause well freeze offs. So, in addition to higher demand for space heating, there will be less supply.

Keep in mind that in addition to much colder weather in the Eastern U.S., LNG exports during Q1 2025 will be 3 to 5 Bcfpd higher than during Q1 2024.

I will be adding Antero Resources (AR) and Range Resources (RRC) back to the Sweet 16 for 2025.
Sweet 16 that produce the highest percentage of natural gas are EQT, CTRA, OVV, CRGY, VRN, MGY.

Keep in mind that the Permian Basin companies will still be selling their gas at deep discounts due to limited pipeline access.