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 (60776)	2/23/2000 2:04:00 PM
From: upanddown	Read Replies (1) of 95453

From CBS MarketWatch... In other energy news, the natural gas market awaits its own update on weekly U.S. supplies, which will be released after 4 p.m. Analysts at Thomson predict that supplies, as of last week, fell between 110 billion and 130 billion cubic feet, while a survey of analysts conducted by Bridge expects inventories to have fallen by 130 billion to 140 billion cubic feet. Sounds like the AGA numbers are coming out on schedule today. The predicted numbers are lower than the actual of the previous week even though the EIA reported on Monday that temps last week were 4 degrees lower than the previous week when inventories were down 158. The EIA only covers 4 cold-weather regions and average temps are slowly rising but still, these numbers look low. I still think either supply is being over-estimated because of depletion or demand is being under-estimated because of power plant switching, new housing, etc. John

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