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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: jim_p who wrote (76555)10/17/2000 8:32:19 PM
From: Ed Ajootian  Read Replies (1) of 95453
 
Jim_p,

Everything I've seen is that so far all these new wells have only served to increase production a miniscule amount (I believe 1%) higher than it was last year. Looks like this "flush production" is so far being met with an equal amount of depletion of the old wells. And once we get by the next few weeks all production will just go to meet the current demand.

Your prediction of future NG prices is dramatically lower than what the futures contracts are betting on. Wondering why you don't just short the June contract. If it really goes to $2 you will be a multimillionaire.

All the experts are saying that if we have a normal winter it will take all of next spring, summer and fall to rebuild storage levels. Is your prediction predicated on a warm winter? If so, what makes you feel it will be warm? If not, why are you reaching such a different conclusion than all of the other experts out there, many of whom have also been hacking around for > 25 years? <g>
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