Natural gas inventories

Last week, U.S. natural gas inventories were 2.76 trillion cubic feet. That's 22% higher than average for this time of year. Tomorrow, the new inventory numbers will come out. Oppenheimer analyst Fadel Gheit says, "the high level of inventory is all temporary. Once demand starts, it soaks up a lot of volume in a very, very short period of time." That might push PDC much higher as short sellers look to bail out.