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: Think4Yourself who wrote (51489)	9/21/1999 3:33:00 AM
From: dfloydr	Read Replies (1) of 95453

John, I quite agree. And thank you for the numbers. To me and many others on this thread it seems evident what is going on with gas supplies. I have been counting on it and now have enough TMR to make a difference in my life if everything works out ... but the gas price has been soggy and that seems out of line to me. One wonders what is happening that is not evident. Or are there that many people who do not believe the scenario that is unfolding here. I can only think of two things that might account for this recent drop: 1. Perhaps a lot of gas was choked back last year to avoid delivering gas at unprofitable levels and now the spigots have been opened up a bit thereby causing a short term blip in supply. I do not even know if that is possible or whether it is even wise to choke back a gas well. 2. Perhaps there is some pattern of events at work ... maybe all hedging for the winter was completed ten days ago and hence demand has slumped momentarily. $3.05 to $2.52 in about eight days has to make one scrounge around for an explanation when the general assumption is that supplies are getting short.

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