as an aside, 1000 cubic feet of gas has about a million btu's in it.
when you see a co state their production, they'll quote "boe's"---barrels of energy. 6000 feet of gas = I barrel of oil, energy wise.
so--you get way more bang for your buck when buying energy if it's natural gas.
if looking at investing in energy producers, you want to know how much of their production is oil.
anyhow, I play this stuff kinda based on a statement by allen nation "if you think something is too expensive to buy, perhaps you should be selling it"
January 2014 Average Oil & Gas Prices
Brent - $107.17 with a high of $108.27 (Jan 22) and low of $106.23 (Jan 14).
2013 Average - $108.64
WTI - $94.88 with average spread of $12.29 off Brent - high of $98.23 (Jan 30) low of $91.45 (Jan 09).
2013 Average - $97.96 with a spread of -$10.67
Net Energy Sweet - $89.15 with average spread of $18.03 off Brent and $5.74 off WTI - high of $91.41 (Jan 29) and low of $86.26 (Jan 10).
Syncrude Sweet Blend Edmonton Spot* - $96.35 with average spread of $10.83 off Brent - high of $98.98 (Jan 30) and low of $94.03 (Jan 08).
2013 Average - $97.17 with a spread of -$11.49
Western Canada Select - $83.46 with average spread of $11.42 off WTI - high of $89.35 (Jan 30) and low of $78.66 (Jan 09).
2013 Average - $75.75 with a spread of -$22.15
Asia-Pacific Minas Spot* - $104.93 with average spread of $2.24 off Brent - high of $109.14 (Jan 02) and low of $103.42 (Jan 17).
2013 Average - $108.46 with a spread of -$0.21
Arabian Gulf Dubai Fateh Spot* - $104.02 with average spread of $3.15 off Brent - high of $107.54 (Jan 02) and low of $102.55 (Jan 15).
2013 Average - $105.36 with a spread of -$3.30
Henry Hub Spot - $4.69 with a high of $5.70 (Jan 27) and low of $3.95 (Jan 10).
Aeco Spot - $4.35 with average spread of $0.34 off Henry - a high of $5.04 (Jan 30) and low of $3.86 (Jan 10).
Aeco Near Month
- $4.34 with a high of $5.35 (Jan 31) and low of $3.86 (Jan 09).
Aeco 12 Month Strip - $4.13 with a high of $4.62 (Jan 29) and low of $3.81 (Jan 09).
Aeco 2015 Strip- $3.87 with a high of $4.02 (Jan 29) and low of $3.70 (Jan 09).
when you see a co state their production, they'll quote "boe's"---barrels of energy. 6000 feet of gas = I barrel of oil, energy wise.
so--you get way more bang for your buck when buying energy if it's natural gas.
if looking at investing in energy producers, you want to know how much of their production is oil.
anyhow, I play this stuff kinda based on a statement by allen nation "if you think something is too expensive to buy, perhaps you should be selling it"
January 2014 Average Oil & Gas Prices
Brent - $107.17 with a high of $108.27 (Jan 22) and low of $106.23 (Jan 14).
2013 Average - $108.64
WTI - $94.88 with average spread of $12.29 off Brent - high of $98.23 (Jan 30) low of $91.45 (Jan 09).
2013 Average - $97.96 with a spread of -$10.67
Net Energy Sweet - $89.15 with average spread of $18.03 off Brent and $5.74 off WTI - high of $91.41 (Jan 29) and low of $86.26 (Jan 10).
Syncrude Sweet Blend Edmonton Spot* - $96.35 with average spread of $10.83 off Brent - high of $98.98 (Jan 30) and low of $94.03 (Jan 08).
2013 Average - $97.17 with a spread of -$11.49
Western Canada Select - $83.46 with average spread of $11.42 off WTI - high of $89.35 (Jan 30) and low of $78.66 (Jan 09).
2013 Average - $75.75 with a spread of -$22.15
Asia-Pacific Minas Spot* - $104.93 with average spread of $2.24 off Brent - high of $109.14 (Jan 02) and low of $103.42 (Jan 17).
2013 Average - $108.46 with a spread of -$0.21
Arabian Gulf Dubai Fateh Spot* - $104.02 with average spread of $3.15 off Brent - high of $107.54 (Jan 02) and low of $102.55 (Jan 15).
2013 Average - $105.36 with a spread of -$3.30
Henry Hub Spot - $4.69 with a high of $5.70 (Jan 27) and low of $3.95 (Jan 10).
Aeco Spot - $4.35 with average spread of $0.34 off Henry - a high of $5.04 (Jan 30) and low of $3.86 (Jan 10).
Aeco Near Month
- $4.34 with a high of $5.35 (Jan 31) and low of $3.86 (Jan 09).
Aeco 12 Month Strip - $4.13 with a high of $4.62 (Jan 29) and low of $3.81 (Jan 09).
Aeco 2015 Strip- $3.87 with a high of $4.02 (Jan 29) and low of $3.70 (Jan 09).