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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: ild who wrote (103179)	5/20/2001 6:52:43 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

<<Patron, What's your current view on refineries? They just go up in the face of downgrades>> Keep this in mind, it's what I was referring to in my previous reply: quote.bloomberg.com ``Gasoline supplies could easily continue to grow through the summer,'' said Tim Evans, senior energy analyst at IFR Pegasus in New York. ``We rallied last month on refinery outages and in the end, we still built stocks.'' By the July 4th holiday, gasoline futures will probably fall to 95 cents a gallon on the Nymex, according to a Bloomberg survey of 13 analysts and traders. Gasoline today traded at $1.069. Hate to appear like I'm flip-flopping (on refiners), but this is a volatile sector right now and you've gotta be nimble. Long-term, I still think they're a good investment on a supply-demand basis, but they'll correct short term if gas doesn't go higher this summer.

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