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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Steven C. Vartan who wrote (21743)4/18/2003 9:08:35 PM
From: energyplay  Read Replies (2) of 206151
 
The prices that CanRoys get for their gas are heavily influenced by the US already, so I am not sure we will get much kick from a rising Canadian dollar. Since most of their expenses are in Canadian dollars, could actually cut margins at some firms.

The NG prices at most Western Canadian hubs have risen more than prices at most US hubs in the past 2-3 years, because there was a HUGE glut of gas from Ladyfern in BC which is now in rapid decline. The change is at least 20% greater than the NYMEX price change over the same period.

If we get much inflaion from priniting more dollars, it historically has showed up in energy prices even before gold.

Short of a big asteriod hitting, we will do very well...
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