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 (57037)	12/16/1999 2:13:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Gary, Why I'm more inclined to believe the bullish scenario on NG... 1) Winter has just started - wait until it's 30's across the entire nation. 2) The # of long contracts in NG significantly decreased over the last two months in synch with the price of NG. If it was still high I'd be worried. However, this opens the door to a fresh round of new buying. 3) Short covering above the 2.65 mark will be strong. 4) Continued strong oil prices will help gas prices stay a little stronger too.

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