The market is convinced we have enough gas. Even if you were to assume a return to normal weather, we will come out of winter with 1.5 trillion cubic feet, which is a good amount to have in the ground.
More Quotes from Bruno Stanziale:
There's a consensus in the market that winter is over and there's a lot of gas around. We may have more gas available this summer than we have storage.Bruno Stanziale
The only saving grace to the market has been sporadic spurts of short covering. You still have lots of short interest out there and you're going to see periodic short-covering rallies.
Bruno Stanziale
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