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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.72+1.2%Dec 26 4:00 PM EST
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To: TobagoJack who wrote (5125)3/30/2006 6:40:44 PM
From: energyplay  Read Replies (1) of 218732
 
Natural gas - I don't think it is time yet - there was a big draw today, but there will still be 1500 Bcf in storage when the withdrawl season ends, and I expect much more pricing pressure. Note that the NYMEX natural gas price is still sliding even with the big withdrawal.

Maybe the action has shifted from nat gas to metals.

There are reports that Canadian production is slipping, which could mean the the time to buy Northern Canadian (especially those near the oil sands areas) could be sooner, prehaps early or middle summer. The Canadians that have production much closer to the US, or heavily in British Columbia, it may be better to wait until later.

We will also need to look at reserve life, new purchases, ability to rent or own rigs, etc.

Which means carfully examining and comparing each company.

Companies like Vermillion which deals in France, Nederlands and Oz, are worth careful examination. Nederlands is 100% NG. The UK price for NG recently hit $25 MCF - We need to research how much of that affects Dutch prices.

I have bought some BPT calls as a hedge/play on an Iran blow up. BPT has royalties on Alaska oil, but does not have the best reserve life.
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