PhotoSynth
:
I don’t see it happening at all that way at the moment……….Based on what? …… other than
Put bluntly,…… we’re practically, ( in relevant areas) at or near full capacity storage right now, a staggering 15% above the 5 year average , with well counts last week, not only not decreasing last Friday, but swelling +9 , which given the price and trend is a staggeringly stupid thing for producers to be doing right now when they need to be restricting supply. Freeport’s reopening has had no visible impact other than the initial hype on pricing, we’re now entering injection season, where there’s no room to inject anything into. And shoulder season which is what we’re now entering is where LNG producers typically move into scheduled shit downs for maintenance, decreasing demand as well. No additional LNG capacity is expected to come online until well into 2024. So help me out here,….. where’s your thesis?
BuddyAPE : sure 4.5?
Wonderful Day OP BuddyAPE : Yes
PhotoSynth : I don’t see it happening at all that way at the moment……….Based on what? …… other than
Put bluntly,…… we’re practically, ( in relevant areas) at or near full capacity storage right now, a staggering 15% above the 5 year average , with well counts last week, not only not decreasing last Friday, but swelling +9 , which given the price and trend is a staggeringly stupid thing for producers to be doing right now when they need to be restricting supply. Freeport’s reopening has had no visible impact other than the initial hype on pricing, we’re now entering injection season, where there’s no room to inject anything into. And shoulder season which is what we’re now entering is where LNG producers typically move into scheduled shit downs for maintenance, decreasing demand as well. No additional LNG capacity is expected to come online until well into 2024. So help me out here,….. where’s your thesis?