Here are additional details from the Energy Information Agency:
Working gas in storage was 2,347 Bcf as of Friday, Feb. 2, 2007,
according to EIA estimates. This represents a net decline of 224 Bcf from
the previous week. Stocks were 26 Bcf less than last year at this time and
378 Bcf above the five-year average of 1,969 Bcf.
In the East Region, stocks
were 238 Bcf above the five-year average following net withdrawals of 139 Bcf.
Stocks in the Producing Region were 137 Bcf above the five-year average of 607
Bcf after a net withdrawal of 63 Bcf. Stocks in the West Region were 3 Bcf
above the five-year average after a net drawdown of 22 Bcf. At 2,347 Bcf, total
working gas is within the five-year historical range.
P.S. Will you be there when Cramer makes his next move?
Strong brands and companies with vast market exposure can help bolster your portfolio. Jim was able to lock in a 64% gain by buying Ingersoll-Rand at $13 and selling at $22.50. Action Alerts PLUS members were the first to see these moves. Were you among them? Get Free Access Today!
Tony Crescenzi Blog Construction Job Losses Offset in New Data 2/8/2007 9:15 AM EST The absence of any material effect from the slowdown in thehousing sector is most interesting.
Tony Crescenzi Blog Consumer Confidence Up 2/7/2007 2:28 PM EST It dovetails nicely with spending data.
Tony Crescenzi Blog Wholesale Inventories Plunging 2/8/2007 10:24 AM EST Businesses are cautious about production schedules.
Tony Crescenzi is the chief bond market strategist at Miller Tabak + Co., LLC, and advises many of the nation's top institutional investors on issues related to the bond market, the economy and other macro-related issues. At the request of the Federal Reserve, Crescenzi is a regular participant in the board's Livingston Survey of economic forecasters. He is also the author of The Strategic Bond Investor. At the time of publication, Crescenzi or Miller Tabak had no positions in the securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Crescenzi also is the founder of Bondtalk.com, a popular Web site covering the bond market and the economy. Crescenzi appreciates your feedback; click here to send him an email.
TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.
RSS FEEDS
PODCASTS
