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Strategies & Market Trends : Value Investing

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To: isopatch who wrote (13548)1/3/2002 1:50:37 PM
From: MCsweet  Read Replies (2) of 78525
 
Isopatch,

I work in quantitative research in the energy trading business, so this information you are spouting about weather does not impress me.

You are clearly wrong about short-term natural gas prices. Look at the last ten days of natural gas prices for the forward NYMEX strip (the key measure of expected future natural gas prices in the U.S.). They have fallen dramatically. The fact that weather has been so cold and prices have still fallen is actually very bearish.

As for gas stocks, yes they have been up the past few weeks but the drop in natural gas prices could cause downward pressure on these stocks, a downward pressure we are seeing today in fact.

MC
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