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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: John Pitera who wrote (2482)10/1/2001 6:13:50 PM
From: Logain Ablar  Read Replies (1) of 2850
 
Hi John:

I'm trying to move any NAT or natural gas discussions over to this thread from the TA thread.

On natural gas a few comments.

1) Last November and December were near record cold months in US. So any drawdowns in these months may not be as large as last year.

2) I've heard Russia is now exporting 500k more bbl's of oil over last year with a projected 350k more for next year. Exclusive of the US demands on pumping more oil this will impact OPEC. Probably part of the fundamental behind the TA readings on oil & gas stocks.

3) I've read gas rig count is starting to drop pretty quick now that ng is below $2 again.

I'm assuming the NG power plants are still coming on line over the next few years.

What a difference a year makes. Maybe by next June it will be time go get back in the space.

Tim
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