Natural Gas Inventories Nearly Even with 5 Year Average – Two Stocks That Should Benefit
Stone Fox Capital submits:
After a year when Natural Gas inventories hit record levels, it might surprise people to see that the weekly report is now showing inventory levels only 0.7% above the 5 year average. In fact, the important East market is 2.4% below that average.
With weak industrial demand, it’s likely surprising to most that storage levels are now inline with normal trends. A lot of the burn down has been due to the gruesome weather, especially the record snows in the East. Regardless, though, the more normal inventory levels set us up for higher prices as demand returns.
Investing, Long Term Investment, stock market | admin February 26, 2010
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