Natural Gas Pricesfrom ChartWorks:: published by Institutional AdvisorsBob Hoye Natural gas has now staged its normal rally out of the seasonal low with the spot price up 94%. This rally was anticipated to last six to eight weeks, into late October or early November. Barring abnormally cold weather a trading range can be anticipated between $6.00 and $9.00 through mid December. The next important low will likely be generated in January/February with the later half of 2007 producing a rally that makes a 21-month high. Arrows identify when inventories were at multi-year highs in the first week of September and again at the peak in November Working Gas in Underground Storage Price activity in years where the inventory was at a multi-year high in early September Many things stand out as a result of in the years with high inventories.
The stocks are clearly influenced by a combination of the gas price, crude oil and the broad equity market indices. A study of Encana and Talisman shows that on third of the action through the first and last calendar quarters can be attributed to the overall market. Canadian Royalty Trusts Bob Hoye CHARTWORKS WEBSITE:: www.institutionaladvisors.com
The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance.
|
Home :: Archives :: Contact |
SATURDAY EDITION June 3rd, 2023 © 2023 321energy.com |