Mexico steel execs call for competitive natural gas, cohesive industrial. Second Canadian liquefied natural gas project set to go ahead in early 2019

Transcription

1 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX NOV-18 Contract (CT) NYMEX NG Futures Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct YR Strip YR Strip I N T H E N E W S Mexico steel execs call for competitive natural gas, cohesive industrial policy S&P Gliobal reported: Executives for major steel mills in Mexico were calling for access to reliable sources of natural gas and a cohesive government industrial policy in order to boost the domestic industry on Monday. While speaking at the Sixth Mexico Steel Congress held by Canacero, executives from Mexico steel execs call for competitive natural gas, cohesive industrial policy Second Canadian liquefied natural gas project set to go ahead in early 219 Gerdau, ArcelorMittal, Deacero, Tenaris Tamsa, Ternium, Ahmsa and Minera Autlan expressed uniform desire to have reliable and cost-competitive sources of natural gas, particularly from Southeast Texas. In addition, the executives were all in agreement about a need for a comprehensive and cohesive industrial policy from the Mexican government. The two needs were complimentary as the industrial policy would have a focus on infrastructure, which would help establish the pipelines needed to have access to the less expensive natural gas in the US. For more on this story visit spglobal.com or click Second Canadian liquefied natural gas project set to go ahead in early 219 Global Times reported: A small liquefied natural gas project north of Vancouver is poised to move on to construction in the first quarter of 219, adding momentum to Canada's efforts to become a significant exporter of the supercooled fuel. The C$1.6 billion ($1.2 billion) Woodfibre LNG project, backed by Indonesian billionaire Sukanto Tanoto's RGE Group, would be Canada's second LNG project to go ahead, following the approval of the massive LNG Canada project earlier this month. "We're hoping to move to a notice to proceed to construction in the first quarter (of 219)," Woodfibre LNG President David Keane told Reuters on Tuesday. "It will be sometime in February or March." For more on this story visit globaltimes.cn or click bit.ly/2rdzwpb 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) Prompt Natural Gas (NG) Daily Sentiment BULLISH RESISTANCE 3.26 & 3.12 SUPPORT 3.14 & 3.6 Trading Summary NATURAL GAS Futures Close Change NG Volume 551,944 (458,611) Open Int. 1,599,869 (2,448) CRUDE AND GASOLINE Futures Close Change Crude (2.93) RBOB (.699) Crude/NG 2.23 (1.35) METALS Futures Close Change Gold 1,233.4 (1.9) EQUITIES Exchange Close Change DOW 25, (125.98) S&P 5-1, (15.19) CURRENCY Currency Close Change EUR/USD (.72) USD/CND Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 W E E K L Y G A S I N U N D E R G R O U N D S T O R A G E W I T H 5 - Y R R A N G E Release Date: August 2, 218 T R O P I C A L S T O R M A C T I V I T Y A T L A N T I C Rig Count Report Date: October 19, 218 Total Change US - 1,67 +4 CN (4) EIA Weekly NG Storage Actual and Surveys for October 19, 218 Released October 18, 218 Range +25 to +99 PIRA +83 CITI +76 Raymond James +84 EIA ACTUAL +81 Total Working Gas In Storage 3,37 BCF +81 BCF (LAST WEEK) (61) BCF (LAST YEAR) (65) BCF (5-YR AVG) Tropical Weather Outlook northward over the next few days into an area where environmental NWS National Hurricane Center Miami FL conditions are forecast to be more conducive for development. A 8 AM EDT Wed Oct tropical or subtropical depression could form over the weekend while For the North Atlantic...Caribbean Sea the system turns westward well to the and the Gulf of Mexico: northeast of the Lesser Antilles. 1. A large area of disorganized showers and thunderstorms over the * Formation chance through 48 hours...low...3 percent. central tropical Atlantic Ocean is * Formation chance through 5 associated with a broad area days...medium...6 percent. of low pressure located a little over 9 miles east of the northern Leeward Islands. This system is expected to move slowly U.S. Natural Gas Supply Gas Week 1/11 1/17 Average daily values (BCF/D): Last Year (BCF/d) Dry Production Total Supply +8.1 Last Week (BCF/d) Dry Production Total Supply +9.8 [NEXT REPORT ON Oct 26] U.S. Natural Gas Demand Gas Week 1/11 1/17 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power +31. Total Demand [NEXT REPORT ON Oct 26] Page 2

3 N A T U R A L G A S B A S I S F U T U R E S, H E N R Y H U B S P O T P R I C E S, A N D F O R W A R D C U R V E NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Sumas Basis (platts Iferc) Michcon Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) San Juan Basis (platts Iferc) Waha Basis (platts Iferc) Month: October 218 Day Price Day Price Average (Oct) (through 1/23/218) Average (Sep) Average (Aug) Transco Zone 4 Basis (platts Iferc) CME NG Option Prices ATM Call CME NG Option Prices ATM Put /1/22 12/1/22 1/1/221 3/1/222 8/1/222 1/1/223 6/1/223 11/1/223 4/1/224 9/1/224 2/1/225 7/1/225 12/1/225 5/1/226 1/1/226 3/1/227 Henry Hub Daily Spot Price OCT 218 SEP 218 AUG NYMEX Natural Gas Forward Curve Month Strike Close Imp Vol Dec-18 Jan Feb-19 Mar-19 Apr-19 Dec-18 Jan Feb-19 Mar-19 Apr-19 Page 3

4 W E A T H E R H I G H / L O W T E M P E R A T U R E T O M O R R O W HIGH Temperature LOW Temperature W E A T H E R 6 T O 1 D A Y O U T L O O K N O A A Temperature Precipitation W E A T H E R 8 T O 1 4 D A Y O U T L O O K N O A A Temperature Precipitation Page 4

5 1 12/1/218 2/1/219 6/1/219 1/1/219 2/1/ /1/218 2/1/219 6/1/219 1/1/219 2/1/22 E T H A N E F U T U R E S, N G / E T H A N E R A T I O, P R O P A N E F U T U R E S, A N D T H E F R A C S P R E A D CME Future Prices Ethane Futures Ethane / Natural Gas Ratio (cents/gallon) Nov (.4) Dec (.13) Jan (.12) Feb (.1) Mar (.9) Apr (.6) May (.6) Jun (.5) Jul (.4) Aug (.4) Sep (.3) Oct (.4) Propane Futures Frac Spread 1YR Strip.365 (.7) CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) Nov (.29) Dec (.95) Jan (.94) Feb (.94) Mar (.92) Apr (.83) May (.74) Jun (.71) Jul (.69) Aug (.69) Sep (.69) Oct (.69) 1YR Strip.795 (.76) Page 5

6 12/1/218 4/1/22 8/1/22 12/1/22 4/1/221 8/1/221 12/1/221 4/1/222 8/1/222 12/1/222 4/1/223 8/1/223 12/1/223 4/1/224 8/1/224 12/1/218 1/1/219 8/1/22 6/1/ /1/222 9/1/222 2/1/223 7/1/223 12/1/223 5/1/224 1/1/224 3/1/225 8/1/225 1/1/226 6/1/226 11/1/226 4/1/227 12/1/218 4/1/22 8/1/22 12/1/22 4/1/221 8/1/221 12/1/221 4/1/222 8/1/222 12/1/222 4/1/223 8/1/223 12/1/223 4/1/224 8/1/224 12/1/224 4/1/225 8/1/225 Prompt WTI (CL) Crude Daily Sentiment BEARISH RESISTANCE & 71.2 SUPPORT & FOLLOW US ON NYMEX Brent (BZ) Futures Dec (2.93) Jan (2.87) Feb (2.81) Mar (2.78) Apr (2.75) May (2.73) Jun (2.72) Jul (2.7) Aug (2.68) Sep (2.64) Oct (2.63) Nov (2.6) Dec (2.55) Jan (2.52) Feb (2.48) Mar (2.45) Apr (2.42) May (2.38) Jun (2.34) Jul (2.3) Aug (2.26) Sep (2.22) Oct (2.17) Nov (2.13) 1YR Strip (2.74) (2.93) 5YR Strip 62.3 (1.78) B R E N T C R U D E F O R W A R D C U R V E W T I C R U D E F O R W A R D C U R V E WTI B R E N T S P R E A D (1) (2) (3) (4) (5) (6) (7) (8) (9) (1) (11) (12) FRAC Spread Specifications Ethane : 42% Propane: 28% Butane: 11% 66,5 btu/g 9,83 btu/g 12,916 btu/g Iso-Butane: 6% 98,935 btu/g Natural Gasoline: 13% 115,21 btu/g Prompt NGL Futures Nov-18 Butane Iso-Butane Nat Gasoline Close Change 1.98 (.34) 1.14 (.33) (.23) NYMEX WTI (CL) Futures Dec (3.39) Jan (3.29) Feb (3.23) Mar (3.18) Apr (3.12) May (3.4) Jun (2.96) Jul (2.89) Aug (2.83) Sep (2.77) Oct (2.71) Nov (2.66) Dec (2.61) Jan (2.57) Feb (2.53) Mar (2.48) Apr (2.43) May (2.39) Jun (2.34) Jul (2.3) Aug (2.25) Sep (2.2) Oct (2.16) Nov (2.11) 1YR Strip (3.1) (3.39) 5YR Strip 7.1 (1.86) Page 6