North American Natural Gas Storage Levels Are Lower

GA907
2022-11-12

1.North American Natural Gas Storage Levels for the week ending Nov 4/2022.
US Natural Gas Storage (bcf) is now only 2% lower than 5yr avg. At one point this year US storage was 18% lower than 5yr average.
Canada Natural Gas Storage (bcf) is 10% lower than 5yr avg.Compare to the week ending October 21/2022:
US Natural Gas Storage (bcf) is 5% lower than 5yr avg.
Canada Natural Gas Storage (bcf) is 12% lower than 5yr avg.TD on KEL$Kelt Exploration Ltd.(KELTF)$ . TP lowered from $9 to $8.5
TBH I am not a fan of KEL, and according to TD they are barely breakeven at $80 WTI and $4HH.3.Yesterday's file wasn't good so here is a snapshot. I am using $85 WTI since that's where 2023 strip trades at (more or less).4.Wine over gold for me!

Reasons why I invest in fine wine:
-It is a tangible asset
-It is usually uncorrelated to general markets
-Increasing demand, limited supply
-Capital gains are not taxable
-Proven track record: compound annual growth rate of 10% over the last 30 years.
-And I love wine

https://twitter.com/Gugo907/status/1591054106583396352

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Comments

  • Edwht
    2022-11-13
    Edwht
    one day every natural resources will be depleted in earth.
  • Newnew
    2022-11-16
    Newnew

    Great ariticle, would you like to share it?

  • lowmy
    2022-11-16
    lowmy
    higher gas prices expected
  • Svengers19
    2022-11-16
    Svengers19
    Thanks for sharing
  • Remotecam
    2022-11-16
    Remotecam
    Great review. Thank you so much!
  • Mungerism
    2022-11-16
    Mungerism
    Thanks for sharing
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