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: ldo79 who wrote (49587)	8/20/1999 8:21:00 AM
From: SliderOnTheBlack	Read Replies (3) of 95453

LAST CALL for the Nat Gas Train - Go Gas & Live Large We've been pounding the table here for Nat Gas stocks since last January believe it or not.... well imho; this latest series of posts and the now general consensus on the Street, that something quite out of the ordinary is brewing in the nat gas markets is confirming that this sector is ready to break. Hurricane season is here. We are not replacing storage levels to levels that can support price stability - giving a very strong likelihood of Charles Maxwell's scenario of - ''the only way Nat Gas can be rationed, is by price'' .... $3.00 now; does the Raymond James analyst report laying out the very possible (not probable, but possible) potential for a historic Nat Gas shortage, showing the mathematical potential for near double digit Nat Gas prices really look that outrageous ? Can you imagine what even $4, $5 mcf Nat Gas alone would do for some of these companies - even if realized for just a quarter, or two ? Can you imagine the hedging possibilities - speculation mania etc ? Some of these small - mid cap Nat Gas leveraged E&P's are coiled springs here.... here's the Doomberg link & the highlights: ===================================================== quote.bloomberg.com <<Natural gas prices rose every day but two this month, gaining 13 percent as utilities burned more of the fuel than usual to meet electricity demand for air conditioning. The demand from utilities kept inventories from rising fast enough to fill storage depots before the busy winter heating season. Natural gas inventories last week were 5.6 percent below a year ago and at 74 percent of capacity, the American Gas Association said late yesterday, with more than two months remaining to store supplies. The AGA said inventories increased 51 billion cubic feet, or 2.2 percent, to 2.4 trillion cubic feet in the week. The report matched exactly the average of expectations of analysts. The inventory numbers are important because the U.S. has to carry a large surplus going into the winter heating season. During a single cold day in the winter, the U.S. will burn as much as 73 billion cubic feet of natural gas. That's almost 50 percent more than the nation put away in all of last week. >> hmmmm; one single cold day - burns more Nat Gas than we put into storage ALL LAST WEEK !!!!!!!!!!!!!!!!!! tic toc .

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