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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
For the week ending June 14, 2019 the EIA reported a 115 Bcf storage injection which was a record injection for this week of the year and the sixth consecutive 100+ Bcf injection.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Effective close the 28th, NG Member margin requirements increase as follows
Tier 1 (August) increases $100 from $1400 to $1500
Tier 2 (September) increases $150 from $1200 to $1350
Tier 3 (October) increases $200 from $1000 to $1200 (thats 20%!)
Non member initial margin requirements will be 110% of these values.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Effective close the 9th, NG Member margin requirements increase as follows
Tier 1 (August) increases $150 from $1500 to $1650
Tier 2 (September) increases $150 from $1350 to $1500
Non member initial margin requirements will be 110% of these values.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Natural Gas margin going up ~ $125 effective 7/16 but it only effects Tiers 3-8 which corresponds to delivery months Oct19-Mar20.
Aug & Sep are unchanged
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
36 BCF injection reported yesterday which was slightly below average and almost exactly what the market was expecting (the largest market survey had a mean expectation of 35.5). Cumulative injection for this season is still extremely high and currently the 2nd largest in over 10 years which is an interesting comparison to last year which was the 3rd lowest at this point!
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
EAI reported an 87 BCF injection today which for the 2nd week in a row was a record for this week of the year. Storage at 3,606 Bcf is 511 Bcf above inventories for this time last year and 28 Bcf above the five-year average. While we have only recently superseded the 5 year average, total injections this year will probably end up as the 2nd largest on record (trailing 2014) and approximately 650 BCF more than what we injected last year!
Gas prices in the Permian Basin (West Texas) for the Balance of October are below 20c/mmBTu and for next month are under 75c/MMBtu. Most expensive gas in the country for November? Sumas (WA/Canadian Border) is $3.70, Socal Citygate (LA) $3.15, PG&E (SanFran) $3.10 and Algonquin (Boston) $3.05
I sold my speculative long NGH C3 this week with a nice profit, and joint MRCI buying the (bearish) NGH-NGF spread. As a principle, I do not sell NG options in the Z, F, G, and H contracts.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
After being stuck in a 15c range for a month, NG has has a nice 45c/nearly 20% move in the last two weeks. Congratulations. While we have been experiencing near record high injections almost every week, this weeks 34 BCF was actually below average. While inventory has grown at the second fastest rate ever this summer, and is >500 BCF over last year, it's actually only barely above the 5 year average.