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

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To: Sweet Ol who wrote (6269)	1/28/2002 2:07:09 AM
From: upanddown	Read Replies (2) of 206184

John Yes, the NG draws do seem to be a bit more than expected. This week 3 draw was 20% higher than the week 3 draw last year even though it was 3% colder (NOAA gas degree days) last year. It may be that lower prices, reduced rig counts and depletion from the wells started up during high prices are starting to bite into production. Problem is that we are at historically high levels of storage. With 2405 at week 3 and 11 weeks of draw left and the highest week 4 thru 14 draw in the last seven years at 1181, it is hard to see us below 1200 at the end of the draw season. Will that number spur a lot of new exploration activity? John

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