Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: xxreno who wrote (37209)	12/7/2004 7:30:15 PM
From: quehubo	Read Replies (1) of 206191

The question will be how long can E&P's pay those margins and what ng prices will be required? Suppose storage ends at 1,400 bcf on 4/1 and that the vast majority of this S/D imbalance has been price sensitive demand waiting for $5-6 NG. My guess is that NG prices will be going down below $6 to find some customers for Q1 2005. Last time land drillers day rates spiked we ended up with record storage levels because of a mild Winter and then Summer. Geez, we just had the mild Summer, a spike in day rates and now we are well on our way having a warm Winter to end with high storage levels. I am confidant of $5-6 ng in 2005 at this point, but when to reload 100% remains to be determined. I think OIH 75 gets tested here shortly. If you were going to sell would you do it when it was very cold in December or when it was warm in January with high storage levels?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next