Big Dog's Boom Boom Room Message Board

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

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To: chowder who wrote (3792)	8/28/2001 9:10:57 AM
From: jim_p	Read Replies (3) of 206312

Brother bum, Looks like the perfect storm for oil shorts has finally arrived. 1. Russia decides to open up the well heads to take advantage of the higher prices afforded by OPEC's sacrifice of production cuts of 13% so far this year. 2. NG prices falling as storage climbs from record deficits to a 16% surplus over 2000 levels in record time periods. 3. And now as we are approaching the shoulder season, the National Weather Service projects cooling demand to be 22% below last year for the next week with no tropical storms on the horizon and El Nino expected to returns some time this winter. Any longs still clinging to HOPE? Can you say tipple digit builds to come. (that is as long as there is still room to store it). Curtailments to follow which will result in lower production (growth) and declining cash flow numbers for NG stocks. Hang tough shorts :-)) Jim

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