Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: energyplay who wrote (19346)	3/1/2003 7:16:04 AM
From: quehubo	Read Replies (1) of 206307

<<One prediction that I would like to make is that as soon as prices start coming down below a certain level, or it appears inventories may be headed for normal level, I expect drilling to be cut back or postponed quickly. No one wants to get caught drilling heavily in a falling price environment. >> EP - I remember Jim_P's weekly comments that the storage fills were improving showing the limited response we had in 2001. That was the clearest sign to exit and it should be one this time as well. As a recognized hyper permabull here, my extreme thoughts at this time may be discounted a bit. I think at this point if the industry worked in overdrive from today, we would still enter next Winter with 2,300 - 2,500 bcf and production maybe a little better than todays. This ensures a massive problem next Winter unless we have another 100 year record warm one. I dont worry about supply catching up to demand any time before Winter 2004/2005. As soon as supply improves and prices retreat demand will come back from oil.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next