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: double-plus-good who wrote (51464)	9/20/1999 3:09:00 PM
From: dfloydr	Read Replies (2) of 95453

Double, you raise a good point. The "ironclad", "bet on it", case for smaller gas producing E&P's is being challenged in the market place. Not only are the stock prices doing poorly, the price of gas itself has nosedived some 20% over the last few days. All without OPEC doing any cheating <vbg>. This in the face of all contentions that gas wells are generally short lived and drilling has been at such low levels that we will have trouble meeting demand, yata, yata,... buy MEXP, OEI, TMR, TEXP, RRC, etc. etc.... A test for the thread: answer any of the following: 1. What warp factors are present in the market place to explain this behavior? 2. The price of gas is way down. In a free market price reflects all available knowledge about a commodity. Therefore we do not have a pending gas shortage. True or false? 3. We have a pending gas shortage but due to ____________ we are seeing prices plunge. Fill in the blank. Please limit answers to no more than one blue exam book ;-)

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