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: Tommaso who wrote (81808)	12/15/2000 12:09:02 PM
From: ezspkns	Read Replies (1) of 95453

Correct me if I'm wrong, but you are talking about a STORAGE report. NG is a largely flowing commodity. Inventory reflects pricing as much as anything. The storage peak-shaves for the production and pipe capacity. The low storage can be seen as an indicator that the buyers believe prices will come back down. eia.doe.gov A quick look about shows some insider selling in our much fav E&P land these days. And our concern is with the share price. I'm not going to predict anything, but my world allows for a declining share price from here. We are off a major unexpected weather event. Cold snaps from here are expected. Also possible are major mid-winter thaws, and NOBODY wants to anticipate -40 with $8 gas and get +40. What it all means is price spikes and major interruptions if a serious cold spell sets in, gradual moderation as normal weather plays out, and a ski slope given a thaw. IMVHO, and remember its worth what you paid... EZ

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