What’s Affecting Gas Prices (Week of Oct. 15)?
Stratas Advisors is expecting a massive storage build that will result in a negative movement in Henry Hub gas prices this week.
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Mr. Haas leverages more than 25 years of integrated global energy experience as he leads a team serving the global energy industry clientele of the North American Midstream practice and institutional energy industry investors via ongoing independent research and retainer relationships. He currently oversees the Midstream research practice related to developments in the crude oil, condensate, NGL and natural gas industries, including the North American NGL, North American Natural Gas and North American Oil services. Prior to joining Stratas Advisors, Greg held operating and research roles while at Exxon, the Electric Power Research Institute, energy and power consultancies, and energy equity analyst roles at brokerage firms Raymond James Financial and Sanders Morris Harris Group. Haas holds an MBA, Finance, from Rice University and master and bachelor of science degrees in engineering from the University of Illinois.
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Stratas Advisors is expecting a massive storage build that will result in a negative movement in Henry Hub gas prices this week.
The overall view for this week is to see a negative movement in Henry Hub prices. Stratas Advisors anticipate prices will likely trade +/- 5 cents of $2.30.
Dry gas production rose by 0.74 Bcf/d to average at 92.95 for the report week. The rise in production comes after two consecutive weeks of declines.
Stratas Advisors expects an increase of 99 Bcf into reported storage this week.
Stratas Advisors expects a 76 Bcf build in storage.
Stratas Advisors expects the natural gas storage report to show an 83 Bcf injection.
Stratas Advisors expects an increase of 84 Bcf into storage.
Stratas Advisors expects a 59 Bcf injection for the week ended Aug. 23.
Stratas Advisors forecasts a 53 Bcf injection into gas storage for the week ended Aug. 16.
Stratas Advisors predicts that this week’s storage addition will total 58 Bcf.
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