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

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To: aerosappy who wrote (53616)	11/17/2005 3:23:07 PM
From: Bernie Diamond	of 206296

aerosappy: Different take by Todd (CWEI 140472) regarding "GOM recovery around the corner, etc., etc." "The one piece of info that I imparted to him was that I heard from a trusted source that BP and XOM were cutting their GOM exploration CAPEX by 25% next year and were not in a position to devulge this to the media for obvious reasons. Also told him that a WAG of 1 B will be plugged in the GOM forever as ROI is negative when compared to what can be recovered from older reservoirs. His response was "That means $18 NG this winter." My bets have been long on NG for quite a while, with CHK being my largest holding. Good trading. Bernie

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