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

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To: kollmhn who wrote (6844)	2/21/2002 9:46:05 AM
From: Tommaso	Read Replies (2) of 206121

My impression is that no one is collecting production figures for natural gas that are really reliable. Here's an opportunity for someone to make a name as a really thorough analyst of the situation, though it would mean being on the phone all day every day trying to extract estimates from hundreds of companies. It was clear to me last year, from the quarterly reports of about 20 small producers that I was following, that they had been able to make big increases in production at the same time that some of the larger producers were flat or slightly declining. I did not have much luck in convincing anyone else that this was happening, but the aggregate increases of these US and Canadian producers overcame the deficit and refilled storage much faster than anyone expected. But I expect that even now there are people who will read this message and violently disagree with it--why, I do not understand. What remains to be seen is whether these new levels of production can or will be maintained. For example, Mitchell (before it was acquired) was doing a lot of infill drilling at shallow depths and adding gas very fast. Don't know if that is still going on.

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