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EIA Reports Surprise Gas Build - Analyst Blog

Fri, 04 Dec 2009 18:36:55 GMT

In its weekly release yesterday, the Energy Information Administration (EIA) reported a surprise 2 billion cubic feet (Bcf) addition to natural gas stockpiles for the week ended November 27, far off analyst expectations that hoped for inventories to remain flat, or possibly even show a drawdown. This takes the current storage level to a new record high of 3.84 trillion cubic feet (Tcf), which is up 14.0% from last year's level and 14.5% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 470 Bcf above last year’s level and 487 Bcf above the five-year average. The inventory addition was in sharp contrast to the five-year-average net withdrawal of 43 Bcf and last year's drawdown of 64 Bcf.?? ? ? The relentless increase in gas storage levels has meant that[More...]

Daily Highlights: 11/9/09

Mon, 09 Nov 2009 13:41:59 GMT

Asian stocks gain on G-20 stimulus, Axa takeover; treasuries, dollar fall.China may “soon” issue measures to limit the use of debt in real-estate purchases.Crude oil rises above $78/bbl as Hurricane Ida entered the Gulf of Mexico.Gold surged to records (hits $1,105.11/oz) on a weakening dollar.House health bill unacceptable to many in SenateIndia will pull back on its easy fiscal stance next year, sees 7+% growth next year:PMTreasuries fall as Asian stocks rose, US prepares to sell record $81B of debt this week.AES will sell $1.58 billion in stock to China's sovereign-wealth fund.AIG tapped its Treasury Dept. $4.2B in aid of restructuring.Allianz Q3 net more than doubles to €1.3B, revs at €22B vs.[More...]

Is Bad News Good Again?

Mon, 09 Nov 2009 13:29:08 GMT

There are times in the market when the action make little sense. For example, most investors probably expected the market to decline when the Labor Dept. reported that the Unemployment Rate hit the highest level since 1983. However, we just might be ent[More...]

Marcellus Shale Gas: The Energy Sector's Next Major Profit Play

Fri, 30 Oct 2009 07:55:49 GMT

With natural gas hovering at about the breakeven point for new field development – and with a glut continuing to weigh down prices in the U.S. market – this would hardly seem to be the place to look for investment opportunities.[More...]

2010 Natural Gas Forecast

Mon, 12 Oct 2009 16:36:34 GMT

Other investors are finally starting to catch on to our bullish outlook for natural gas. And once every so often, I'll find another analyst that hits the nail right on the head. You've probably had a similar experience.[More...]

Three Energy Stocks Our Top Managers May Have Overlooked

Mon, 05 Oct 2009 14:57:33 GMT

The last year and a half has been a tumultuous one not just for the financial sector but for the energy sector, as well. Just over a year ago, crude oil prices were topping out above $140 a barrel before starting a downward spiral that left prices bottoming out around $35 per barrel earlier this year.[More...]

Daily Highlights: Sept 9, 2009

Wed, 09 Sep 2009 13:26:10 GMT

Asian stocks fall on share sales; Alibaba slumps as Chairman pares stake.China looking at investing part of its $300B sovereign-wealth fund in US realty.China plans first offering of yuan sovereign debt outside mainland China, in Hong Kong.China's steel output rises 2% as state spending spurs demand.Euro rises toward 9-month high versus Dollar on speculation of recovery.[More...]

Stockpiles Pressuring Natural Gas

Fri, 12 Jun 2009 15:25:06 GMT

Growing Stockpiles Weigh on Natural Gas Prices The Energy Information Administration (EIA) reported today another 100 billion plus addition to natural gas stockpiles, highlighting the commodity's weak supply-demand fundamentals. Continued strength in domestic production despite the massive retrenchment in drilling activities from last summer's peak level and recessionary industrial demand has resulted in a major storage overhang. As this chart from the EIA clearly shows, natural gas in storage has reached approximately 2.4 trillion cubic feet, which is up 30.3% from last year's level and 21.8% above the five-year range. As a result, natural gas has been a less-than-enthusiastic participant in[More...]

Exports & Imports Still Falling

Wed, 10 Jun 2009 18:55:18 GMT

The sharp improvement we have seen over the last year in the trade deficit looks like it is coming to an end. As the chart below (from http://www.calculatedriskblog.com/) shows, a year ago we were consistently running trade deficits in excess of $60 billion a month. But since the start of the year, deficits below $30 billion have been the norm. In April, the deficit was $29.2 billion, up from $28.5 billion in March. A year ago the deficit was $62.2 billion. However, a very large portion of the improvement that we have seen over the last year has been due to the falling price of oil.? In April, the price of imported oil averaged $46.60 -- today oil is trading over $70 a barrel (there is not an exact one-for-one correspondence between the price of imported oil and the quoted price of WTI or Brent, but it is close). This means that the oil portion of our[More...]

Avoid Gassy Names!

Sat, 23 May 2009 16:49:56 GMT

Highlights include Nabors Industries Ltd. (NBR), Patterson-UTI Energy, Inc. (PTEN), BJ Services Co. (BJS), EnCana Corp. (ECA), EOG Resources, Inc. (EOG) and Chesapeake Enery Corp. (CHK). Growing optimism about the economic outlook has pushed the equity markets significantly higher from the March 2009 lows. Crude oil and most of the other commodities have been active participants in the rally. As this first chart shows, natural gas has largely been[More...]

Soaring ND oil production to get another boost

Mon, 09 Nov 2009 14:47:00 GMT

BISMARCK, N.D. - North Dakota's already burgeoning oil production could soar another 50 percent next year as the state's capacity to export crude catches up with its ability to pump it, state regulators and industry officials say.
If oil prices stay above $60 a barrel and contemplated oil transportation projects become reality, the state could be producing 400,000 barrels of oil daily within five years, said Lynn Helms, director of the state Department of Mineral Resources.
North Dakota's current production now exceeds 230,000 barrels a day, which ranks the state behind only Texas, Alaska and California.

: iStockAnalyst.com Symbols Feed

EIA Reports Surprise Gas Build - Analyst Blog

Daily Highlights: 11/9/09

Is Bad News Good Again?

Marcellus Shale Gas: The Energy Sector's Next Major Profit Play

2010 Natural Gas Forecast

Three Energy Stocks Our Top Managers May Have Overlooked

Daily Highlights: Sept 9, 2009

Stockpiles Pressuring Natural Gas

Exports & Imports Still Falling

Avoid Gassy Names!

Soaring ND oil production to get another boost

Profits decline by 38% at NFG: Oil, gas prices fall; company is upbeat

National Fuel's profits drop with falling gas prices

National Fuel's profits drop with falling gas prices

Producers Look to the North for Latest Natural Gas Bounty

Seven Plays Dominate North America Activity

Gas Well Drilling Technique Pays Off: National Fuel Says Results Are Good News

Quicksilver Resources Excited About a Big Well in Canada

Quicksilver Resources Excited About a Big Well in Canada

BLM Begins Scoping Period for EOG Uinta Gas Project

Bill Barrett Corporation Announces Appointment of Ed Segner to Its Board of Directors

EOG Resources Reports Second Quarter 2009 Results

National Fuel Reports Third Quarter Earnings

EOG Resources Announces Webcast of Second Quarter 2009 Results Conference Call on August 7, 2009

UPDA Negotiating With Leading Industry Partner to Manage and Improve Production Properties -- Expected to Result in Increased Oil and Gas Production and Reduced Expenses in Current Operations

UPDA Negotiating With EOG Resources to Farm Out Barnett Shale Drilling Program on 2700 Acres in North Texas -- Natural Gas Reserves Conservatively Estimated to Exceed 6.5 Million MCF

EOG Resources to Present at Upcoming Investor Conference

Brigham Exploration Provides Williston Basin and Southern Louisiana Operational Update

Form 4 EOG RESOURCES INC For: Nov 20 Filed by: THOMAS GARY L (10K)

Form 4 THOMAS GARY L For: Nov 06 (10K)

Form 4 EOG RESOURCES INC For: Oct 30 Filed by: WISNER FRANK G (10K)

Form 4 THOMAS GARY L For: Oct 30 (10K)

Form 4 TEXTOR DONALD F For: Oct 30 (10K)

Form 4 Steward H Leighton For: Oct 30 (10K)

Form 4 Papa Mark G For: Oct 30 (10K)

Form 4 Garrison Robert K For: Oct 30 (10K)

Form 4 CRISP CHARLES R For: Oct 30 (10K)

Form 4 EOG RESOURCES INC For: Oct 23 Filed by: THOMAS GARY L (10K)