EIA #NATGAS REPORT
•My projection for tomorrow’s EIA report is below the market consensus – meaning that I expect a smaller build relative to the market expectations – which implies a possibility for a “bullish surprise”. However, any surprise is possible.
•Reuters survey: +32 bcf
•Bluegold Trader: +30 bcf (South Central: +11 bcf)
•LSEG: +30 bcf
•Gelber & Associates: +30 bcf
•Ritterbusch Associates: +31 bcf
•DTN: +34 bcf
•NGI: +35 bcf
Starting to build a position in $EQT low/mid 50's
34bn MarketCap for 'America's only large-scale, vertically integrated natural gas producer with an evolutionary focus on our future'
Natural Gas is the new AI narrative
Violence after the diagonal break
EQT CEO Toby Rice tells @joumannatv that a domestic infrastructure bottleneck in the US is causing shot-term natural gas price volatility https://t.co/Luwx1oEzNF
Agree on the power bottleneck, but we think midstream > utilities here. Utilities get regulated 8-10% ROE caps no matter how desperate demand gets. Midstream captures unregulated contract economics when hyperscalers are begging for gas to fire up those GPUs. Plus 18-month pipeline builds vs 5-year utility projects. Own the molecules, not the regulated middleman.
#AI #Energy #NaturalGas #DataCenters #Infrastructure #Utilities #Midstream #PowerGrid
#natgas is the new $QQQ, everything is bullish!!! Bearish data, no problem. Drop it a little to sucker in shorts and then launch to new highs. Joking aside, I am not sure I have seen a meaningful price move on rigs since 2023.