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: Think4Yourself who wrote (85666)	1/30/2001 12:49:22 PM
From: Tommaso	Read Replies (1) of 95453

I think it was just last night that the news came out that a bunch ofd new natural-gas-powered generators are being rushed into place near New York City to boost electrical production next summer. I don't know how many others are being set up or what the total demand will be, but it's hard to believe that gas production can be increased enough to keep up. Rig builders and operators have been knocked down repeatedly since the early 1980s and are cautious about over spending on new equipment. It may turn out that my best investment is in something like NCN, which is returning a 27% yield. It used to be said that over the very long haul, the stock market return was 9%. In any case, I don't think natural gas will be plentiful again for several years. Any dip in prices spurs consumption.

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