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: BigBull who wrote (61447)	3/4/2000 10:13:00 AM
From: Eclectus	Read Replies (3) of 95453

BB, I take it you have not agreed with Stephen Leeb in the past. You have my curiosity peaked, you'll have to explain. However, another, but less verbose comment from Stephen: Natural Gas Stocks -- With oil around $30 per barrel, the outlook for natural gas prices is very bullish. Not only is natural gas a cleaner fuel source but it's abundant throughout much of the U.S. If oil stays anywhere near its current levels, which is a pretty good bet given OPEC's determination to stick to supply constraints and the hard-charging global economy, natural gas will become much more attractive to consumers. That's likely to push natural gas prices even higher than their current levels. These prices are already in a strong uptrend, but you probably wouldn't guess that from the behavior of natural gas stocks. Part of the problem is that investors are so tech-centric that other strong areas of the market are getting little respect. But with natural gas stocks trading below the value of their gas reserves, investor myopia is giving shrewd players a chance to get into this group while it's still cheap.

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