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Strategies & Market Trends : Value Investing

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To: isopatch who wrote (13543)1/3/2002 10:01:09 AM
From: MCsweet  Read Replies (1) of 78530
 
Isopatch,

Near-term gas fundamentals are weak with record storage levels and low demand. Prompt-month NYMEX gas futures are down 50 cents in the past week or so despite this cold spell --- very bearish.

If you are comfortable loading up on natural gas stocks during potential for a sizable gas price decrease then that's fine. I am thinking about buying some myself, but am hoping these stocks will be even cheaper in the next few weeks.

I agree with Isopatch that the long-term fundamentals for natural gas are strong. More and more of our power infrastructure is becoming gas based. Our current gas wells are depleting and with the current low gas prices, not much new production is coming online.

MC
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