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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim_p who wrote (79239)11/16/2000 4:13:59 PM
From: Tommaso  Read Replies (1) of 95453
 
OK, someone explain the NG price action today.

Looks like a tech stock. Reckless speculation on both sides of a fair market price. This can't have anything to do with real demand and supply.

So, what to do?

Well, the real supply is really and truly tight. They don't have enough gas for their generators in California, really. There was a drawdown of actual gas in the ground, really.

The weather is chilly, really.

Gas is being burned up at a great rate, really.

I don't think I will panic and sell out my NG producers and explorers.
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