Big Dog's Boom Boom Room Message Board

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

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To: Big Dog who wrote (9340)	5/1/2002 8:39:00 AM
From: kollmhn	Read Replies (2) of 206160

The RBC report said: " The primary risk factor is a double-dip recession in 2002 and/or oil driven fuel switching." This is a real risk, as NG is uncompetitive with coal at anywhere near today's price of $3.70. Yes, operators are willing to pay more for NG than pure economics would dictate but, not a LOT more. Double dip? Why not? MWD notes that 6 of the last 7 recessions have had one and yesterday's consumer confidence number did nothing to suggest this one will be different. Frankly, I see nothing of value the would cause me to invest fresh cash in either the E&P or OSX sectors but, then, I am very picky. Seems that nearly everyone has already "looked across the valley" and has laid down their bets on the distant future.

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