An expiration-day nosedive by the February futures contract,chilly but unremarkable weather for this time of year (despitesnowfall and icing in some northern market areas), and the prospectof more small storage withdrawal reports in coming weeks kept bearsin command of the cash market Monday.
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Could Raymond James Be More Bullish? Not Likely
The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport last week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.
Could Raymond James Be More Bullish? Not Likely
The gas bulls are firmly entrenched at the St. Petersburg, FLoffices of Raymond James & Associates. The group put out areport this week projecting either the loss of 5 Bcf/d of gasdemand this winter due to soaring gas prices or an “impossible”negative balance of working gas in storage at the end of the winterheating season, given normal temperatures this winter.