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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: energyplay who wrote (20039)3/11/2003 6:24:01 AM
From: quehubo  Read Replies (1) of 206110
 
The market is generally looking for a draw 25-35 bcf higher than Robry. Lehman calls for a 90 bcf draw with 3-4 bcf of demand destruction.

The response may be hard to predict. Indication that 30 bcf was destroyed at higher prices that have since dropped may force NG futures up to those prices again.

If Bastardi's forecast holds it will be the straw that breaks the camels back.

E&P's are holding up very well. I expect NG prices even with a mild weather to start their way up at the latest once April-May show very poor injections, and Canada hits zero.

I would expect another good draw on distillates tomorrow.
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