Natural Gas Rallying article

[Nayab Khan]

http://blogs.wsj.com/marketbeat/2012/02/14/natural-gas-is-rallying-the-big-question-is-why/

Natural gas is staging another big rally today even as little has
changed fundamentally to warrant such a huge move.

Traders are potentially covering short positions following the
previous session’s decline. Prices remain pressured by weak demand and
record inventories.

Weather outlooks still point to modest heating demand and production
remains high. Cameron Horwitz of US Capital Advisors says weather
forecasts have improved “fractionally” from yesterday.

Traders may be looking ahead to Thursday’s inventory report. One year
ago, inventories saw only a modest draw from storage, which means this
week’s EIA data could show a narrowing of the massive storage surplus.

“On the margin, those things are supportive from a psychological
standpoint,” he says. But Horwitz cautions not to “kid ourselves,” as
storage is still likely to be full by late summer.

March futures rise 3.9% to $2.525/MMBtu.

[Chris Kuntarich]

They had a big article in the WSJ yesterday talking about how Japan
has shifted from nuclear energy to natural gas energy, after the earth
quakes, tsunamis and meltdowns. It went on to talk about how they
only produce 4% of their natural gas use domestically. Imports are up
39% from the same month last year, 2011 saw an increase of around 12%
in imports of it and Germany is developing pipelines from Russia so
they can start working towards shutting down their nuclear plants
(thats a really long ways off). Good find though. Thanks for the
heads up.

-Chris

On Feb 14, 12:31 pm, Nayab Khan <nhkha...@gmail.com> wrote:
> http://blogs.wsj.com/marketbeat/2012/02/14/natural-gas-is-rallying-th...

[Nayab Khan]

Absolutely. I think this might be a good place to potentially also
talk about our long oil thesis, especially in light of
http://www.nytimes.com/2012/02/16/world/europe/iran-says-it-will-cut-oil-supplies-to-6-european-nations.html?hp.

Looks like it will be a good 3 weeks, at the very least, for GSG.
Hopefully.

[Nayab Khan]

Another article that might be of interest to the commodities team:

http://www.bloomberg.com/news/2012-02-22/goldman-cuts-12-month-commodity-return-forecast-to-12-from-15-.html

On Feb 15, 8:45 pm, Nayab Khan <nhkha...@gmail.com> wrote:
> Absolutely. I think this might be a good place to potentially also

> talk about our long oil thesis, especially in light ofhttp://www.nytimes.com/2012/02/16/world/europe/iran-says-it-will-cut-....