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Blue Lacy Advisors, LLC - November Natural Gas Market Commentary

Minneapolis, MN | November 17, 2022 | By: Steve Sinos, Blue Lacy Advisors, LLC

Natural Gas

Persistent infrastructure constraints, combined with mild weather, weighed on natural gas prices in the US and Europe. European inventory recorded another counter-seasonal build last week, swelling by 8 a billion cubic feet (“Bcf”) to reach 3.65 trillion cubic feet (“Tcf”). Stocks exceed the 5-year average by 230 Bcf and are within 5% of maximum capacity. Similarly, the US again gained on the 5-year average, as liquid national gas exports remain constrained and mild weather offers relief. This does not suggest that risk has left the market. Rather, it has been assigned to basis and paid for in options skew.

*This summary is based off November 3, 2022

A free excerpt, such as this one, will be published on a delay periodically. This is an excerpt from Blue Lacy Advisors, LLC's (“Blue Lacy”) weekly commentary for clients, which is based on a collection of models, research/analytical subscriptions, and bespoke work. Each week Blue Lacy explores how market drivers included in these analyses might affect or be used in clients' planning, budgeting, and execution of strategy. Call Blue Lacy to make an appointment today!


Meet the Author!

Phone: +1-832-413-3124

Steve has spent his career in strategy, risk, trading, and investment. He works with investors to source investments in opportunistic or high growth sectors, with particular interest in early-stage companies solving clearly defined problems.

He is currently a Managing Partner with Blue Lacy Advisors LLC, giving management teams and investors confidence in their decision making by supporting strategic planning and execution, risk management, commodity trading, and market analysis.

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