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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Big Dog who wrote (37081)12/4/2004 10:52:18 AM
From: jim_p  Read Replies (7) of 206165
 
Big,

Still have plenty of hills to explore and slopes that I haven't skied yet:-))

As for the shine off the new wife, that was gone a long time ago. I've decided to trade her in for a new model. Divorce will be final later this month and the wedding bells will be ringing for the fourth time again in April.

Have to do something to keep life interesting:-))

I've seen some correlations between oil and gas prices and oil and gas stock prices, but not sure I've seen any between oil and gas prices and drilling activity. I'm sure they exist. My guess is there is a lag time between the two which is what helps create the cycles that we OSX players enjoy. The gift that just keeps giving!!!

I've leased more oil and gas minerals in the last two months than in the last three years and many in places that have not had much activity in the past. (flush production is on the way!!!)

I think Que is being an optimist thinking NG will only fall to $5.00 or so, my guess is we will see the 3's very soon. The market is under estimating new supplies coming from the small independents that rarely get counted but make up more of the drilling that all the others combined. Once the LNG terminals kick in, we will have one of the longest down cycles in many years due to the long lag times and long term contracts needed to justify the expense of the terminals. It coming!!!

Once you're certain the "perfect storm" is here in the patch, the sun comes out and spoils the party every time.

If you look further out on NG futures, you will notice that the longer term contracts are now selling below the shorter term contracts for the same periods. As a rule, this is the start of the new down cycle which I believe we have entered. Wait till the prices reverse before you get back in OSX stocks and you will make lots of money.

JMHO,

Weshallsee???

Jim
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