Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Gary Burton who wrote (48513)	7/28/1999 1:57:00 PM
From: Think4Yourself	Read Replies (3) of 95453

I sleep GREAT! Check out the article in the post before yours (about power prices skyrocketing). NG prices climbing steadily - up about 33% in last few months alone. The companies that make gas turbine power generators are SWAMPED with orders. NG Turbine plants are coming on line right and left. AEP, the largest coal fired coal power producer, is having SERIOUS problems meeting demand. EPA is about to fine coal fired plants for overproducing. Energy deregulation is creating a new industry: Nat Gas fired power generation. Oil not being drilled for means less gas available. As you mentioned, TMR seriously oversold. TMR succesfully using 3D seismic to locate wells. Since can't margin TMR, MEXP, others, can't be squeezed out by margin calls. Oh yeah, Cold weather is a few months away. ALL trends are in favor of Nat Gas prices going up even more. Yes, I sleep very well knowing it is just a matter of time... TMR, MEXP, TEXP comprise 80% of holdings. All holdings are in small E&P's. Not trading at all anymore because convinced I have optimal portfolio now. Side note: TMR has many more shares outstanding than CRK, but has EXACT same debt interest payments. Not sure why TMR scares you but CRK doesn't. For me it is the other way around.

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