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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: quehubo12/3/2004 6:02:20 PM
   of 206165
 
If you estimate for this week using Robry's data a draw of -60 bcf and 160 GW HDD, and sum up the performance of the first 5 weeks you come up with some alarming indications.

Last year for similar GW HDD we drew -171 bcf versus -54 this year. If you use than last season GWHDD draw rate we should have withdrawn -136 for the GW HDD we have had.

I am having flashbacks to 2001 when Jim_P was shouting about the large injections for week in row before the market finally responded and then I responded to the market.

I raised more cash today and reloaded some puts this time on NBR.

The market will respond if the trend continues and when it does it is usually quite rapid and brutal.

Now I need two data points to improve before reloading, Robry's data to indicate improving daily draws per GW HDD and the weather to improve. Relationship and volume.

Market looking for an 80-90 pull next week.

enernetenergy.com
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