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Politics : High Tolerance Plasticity

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To: Second_Titan who wrote (11372)	12/31/2001 3:46:16 PM
From: jim_p	Read Replies (1) of 23153

NG over $2.00 is very profitable for most producers. Sustained NG prices over $3.00 is an oil mans dream come true. Great margins!! If NG was selling close to $2.00 and the back contracts were priced down to 1.50-1.80, that would be bearish for NG stocks as it was at the bottom of the last cycle. If we don't see bearish prices for oil or NG, the OSX will not decline any where near the old lows. Even the oil markets are slightly bullish and there is a several year glut of oil to work off???? quotes.ino.com NG is in a bull market as long as the back contracts are higher than the current month contracts. The market believes prices will be higher in the future, and as a result, NG stock prices are also higher. quotes.ino.com JMHO, Jim

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