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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (53252)10/19/1999 10:33:00 PM
From: Think4Yourself  Read Replies (2) of 95453
 
Natural Gas Rises as Colder Weather Forecast for Eastern U.S.

quote.bloomberg.com

"Gas prices this winter should reach $3.78, and could go as
high as $4.50 if the winter is colder than normal, said Tom
Blakeslee, a trader at Eildon Marketing LLC in White Marsh,
Maryland. ``We had a small loss in supply and we've had greater
demand growth then people expected,' he said. ``No new houses
use heating oil anymore -- they're all on natural gas.'

With the coldest weather of the year still at least a month
away, utilities and marketers probably won't want to take gas out
of storage to meet unexpected demand, Saccente said. That may
mean an early supply squeeze as they seek gas on the spot market,
he said."

And to think that just last week someone was telling me that their company's $2.86 hedge this winter was a MUCH smarter move than staying unhedged.
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