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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Big Dog who wrote (1089)5/12/2001 5:18:29 PM
From: Tommaso  Read Replies (1) of 206182
 
My own guess is--since I follow a great many smaller gas producers--that a lot of new production is going into the pieplines from these smaller outfits. Almost all of them report very large increases in production--in some cases 50%, 100%, or more. In aggregate, they may be adding marginal production sufficient to explain the high injections into storage and to keep prices down.

Surveys of the major producers just don't take this into account.

I have accordingly become much more cautious about the prospects of another huge spike in gas prices this year and have gone ahead and taken profits on my gas royalty trusts, and will be holding a lot of cash to see what happens next. I am continuing to hold NCN because they produce a lot of oil as well as gas, and also because they are growing and paying out huge and rapidly increasing dividends. Like a 28% yield. The stock could go down 25% over a year and one could still break even.

I think that there may be very good money to be made now in undervalued oil producers such as LOILY as well as in Talisman. I am holding a lot of the smaller gas producers because so many of them have already been takeover prospects--and also just in case I am wrong about the easing of the shortage.
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