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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: TRUE_TRUTH who wrote (89329)3/27/2001 6:59:00 PM
From: t4texas  Read Replies (1) of 95453
 
can't comment on ng prices

i cannot comment on ng prices, because i have not predicted any. i posted a chart the other day here showing texas railroad commission's data on ng and oil volumes by month and year. it showed no increase in production despite all the drilling.

however i can comment that despite the higher ng prices and steady or decreased volume the stock prices of apc, dvn, apa, br, and others have declined significantly from highs in january and in march. it appears to me that year over year profit % increase comparisons are still going to be difficult and may not be too exciting compared to last year. so is there much upside in the ng suppliers? i was wondering if i should infer this from your post.
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