The Scoop– Prices rose last week due to the 5th week in a row of below normal injections and warmer weather models.
Strategy Advice – (See Below Chart) The EIA raised its price projections for ’18. Consumption growth prediction is 1.8% higher than ’17 mostly due to a colder winter assumption. Also, rising LNG exports due to Cove Point Maryland facility & Cheniere’s Sabine Pass 4th train being fully operational. This year is the year to lock up long term.