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: Ed Ajootian who wrote (19971)	3/9/2003 10:31:48 PM
From: energyplay	Read Replies (1) of 206110

No natural gas crisis - Well, NG prices will come down from $9.00 Nymex and >> $10 spot to more like $6.00 Nymex and around $5.00 - $8.00 spot. I don't see anything in the article about increasing decline rates - he see the decline in exploration as a result of mergers. "that will trigger increased exploration and development, possibly in areas that are currently off-limits" a bit of wishfull thinking - the enviros rolling over. This guy looks like a believer that the Econ 101 principles of supply, price and demand trump physical reality. Maybe they due in the long run - Spring of 2004 or 2005 could easily see a gas glut, especially with a warm winter. He also doesn't count the behavioral change that after the natrual gas price crash, E&P companies are much slower to spend money on drilling, AND (be forecast) will cut back on drilling at the first sign of price weakness. It's a cyclical industry - I think that's the only thing I would agree with in his article. I would like to see different viewpoints, as Ed points out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next