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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: upanddown who wrote (81428)12/12/2000 2:51:25 PM
From: Think4Yourself  Read Replies (1) of 95453
 
I wonder if these guys are taking into account all of the frozen wellheads in Alberta. Those wells are NOT producing into the system at the moment. Suspect the same is now true of most canadian wells. At the same time Canada is very cold this week, and probably consuming a lot of NG as well.

Bottom line is that the draw could be much larger than expected.

Willing to bet some of my holdings, like XTO, report soon that they locked in some of that $9+ NG with hedges! Ah, the benefits of being unhedged...
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