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

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To: quehubo who wrote (18737)2/22/2003 10:02:07 PM
From: energyplay  Read Replies (1) of 206110
 
Waht if Canada wants to refill their storage first ?

Okay, assume it's late April and both Canadian and U.S. storage is way down. If Canada or Canadian utilities decide thay need to pay a price get their storage rebuilds on track, there could be less gas to rebuild U.S. storage at least for a few months. So the part of the graphs of stoarge that we see at Highland energy will not have much of an upward slope for a month or so....

Some one projecting this out would conclude we would have an extreme shortage in the Winter of 2003-2004, and this
might cause E&P stocks to be bid up to very high levels - after all, there's statistical proof from the EIA that you can see with your own eyes that an even bigger train wreck is comming and gas will go to $12.00 and grandmothers will freeze in Ohio.

Just speculating the we migh see really big run ups because of the NG train wreck.

On DVN - I think it might be worth more than $65 because of all their proven undeveloped Barnett Shale acerage. i'm hoping for $90- 100 - may have to wait 2 years to get there.
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