Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (41282)	11/11/2003 11:36:03 PM
From: energyplay	Read Replies (1) of 74559

Hi Jay - Right now, I think the CanRoys will depend on the short term price of gas. The short gas price will depend very much on the weather. If it gets to the warm side, the gas price will drop. Cold winter, the price will hold up. grads.iges.org Longer term (like next year) there is still decline of production, and less drilling in the Gulf of Mexico, and improving economy. Looking at the chart of SJT for 5 years, there's a dip from 18 to 10.... So I am waiting. I still hold the Canroys I bought at lower levels. I want to see ther price of gas close or under $4.00 , maybe $3.50, and Royalty trust prices down about 20-30% minimum.

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