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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: upanddown who wrote (2285)	6/22/2001 2:11:03 PM
From: Second_Titan	Read Replies (1) of 206191

I did a chart of BHI US Total this morning with a break down between oil, gas, GOM & non GOM. It gives a good visual indication of activity and offers comparison to 1997. I dont know how much more profitable NG is than oil to drill right now. Seems the E&P companies at the drill bit know depletion rates , etc. Storage keeps going up and production at least through last QTR is weak. If everyone thinks NG is going to $2.5 why are they still drilling mostly for NG? Perhaps the comment that shallow water GOM has inadequate NG opportunities is true. Excardog I am not so confidant in E&P's as I believe the forward earnings comparisons will not be enticing.

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