Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (5761)	12/24/2001 7:11:43 PM
From: yard_man	Read Replies (1) of 36161

NG prices are approaching what my 'in-house' expert calls production costs. Two questions: 1) Why have they fallen so low? Is it 95% weather?? Or were folks soooo long given what occured last year that this had to happen? 2) What will drive the price higher, after short covering, in the intermediate term? Is there not now more in storage at this time of year than there has been in recent history? Trying to think about this without getting into the longer term supply issues -- dwindling supplies, etc. Demand growth will certainly be blunted as the global recession deepens ... My own view is natural gas producers, yes ... but service companies? Not sure.

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