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

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To: Crimson Ghost who wrote (28566)	12/29/2003 6:53:38 PM
From: quehubo	Read Replies (1) of 206097

Fillmore - I do not believe oil prices will be any higher in 2004 unless there is a major interruption like Venezuela collapses hard or Saudia Arabia gets is export facilities attacked. There is more than enough oil production capabilities to meet all of the worlds needs with a decent margin. I think NG prices will be $5 and oil prices $28 WTI or so. I imagine certain E&P's will do well from here. My play has always been the NA NG play. My guess is that if we end the heating season at ~1,200 bcf NG will still be rationed at $5 but less drilling will occur than if we arrive 400-500 bcf less. There are allot of big players with substantial profits on the table. When the bring in the New Year in their shorts in Time Square in the middle of a 3-4 week heat wave they wont be thinking about waiting to see what happens in February.

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