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

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To: excardog who wrote (8647)	4/4/2002 6:26:43 AM
From: Ed Ajootian	Read Replies (1) of 206110

I believe there will be natgas draws for at least the next 2 weeks, maybe 3. Heck, we could even have our first-ever draw for May! Rig counts were way down in the 3-5 previous months, if memory serves correct, plus we have increased demand from the economy getting out of recession. Also, we could even have "reverse" fuel switching going on at these prices -- from oil to natgas. Best play I know of on natgas prices is Abraxas Petroleum (ABP). They're selling a bunch of properties at what is turning out to be a very opportune time and their debt gives them huge leverage to natgas prices.

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