Natural Gas Analyst Bullish for '13 Based on Key Trends for Demand

摘要

With more than a third of the winter heating season behind it, natural gas market optimism is draining faster than bloated gas inventories. Even last week's relatively strong triple-digit build can't undo the exceptionally weak winter pulls that preceded it. The carry into January is still more than 3,500 billion cubic feet. "[D]eliveries are averaging 8.1 Bcf/d, which is 5.2 Bcf/d below the five-year average," analyst Steven Schork noted before Friday's delayed storage report. "This nets out to a 183 Bcf cushion. As such, gas bulls are running out of time."