RJ: Summer Gas Supply Growth Could Be 4 Bcf/d Over Last Year

摘要

Raymond James' gas analytical team, once the market's most unflagging bulls, released an industry brief last week that could be one of their most bearish to date."The US Department of Energy thinks year-over-year US dry gas supply will grow about 0.5 [billion cubic feet per day] in 2010. Consensus from Wall Street are similar. We think that both the DOE and consensus expectations for 2010 US gas supply growth are not just wrong but way wrong," they write. "After looking at the recently revised EIA-914 gas supply data, gas storage trends, public company results and the latest drilling information, we now believe lyear-over year] domestic gas supply will be up a whopping 6 Bcf/d by this September."