Natural gas storage already increasing

http://ir.eia.gov/ngs/ngs.html

With the natural gas storage level already high, the latest weekly report now shows that the storage levels are already increasing. This will put yet more cost depression in the market. This does not bode well for a price rebound. Could be a long, ugly year for the industry.

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Permalink Reply by Barry D on March 25, 2016 at 12:05am

David,

It was a warm winter so storage fields a filling quickly.

From what I am reading, there will not be a full fledged turn around in pricing until 2017

Permalink Reply by David Perotto on March 25, 2016 at 10:50am

Sounds very plausible, unfortunately...

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