Big Dog's Boom Boom Room Message Board

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

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To: GREENLAW4-7 who wrote (73933)	10/27/2006 7:19:33 AM
From: quehubo	Read Replies (4) of 206191

Greenie - face it you got lucky spotting the top a few times. You dont know anything about evaluating fundamentals. The 12 month strip is sitting around $8 which is a decent price all things considered. People should not forget that last Winter was a 1 in 120 year warm Winter. All of the construction for the last few years has not tested the supply system. We appear set to get a draw next week per Robry data. NG has a wide price band between $7 residual and $12 HO and we have 5 months before the start of the injection season. The perceived "excess" storage can disappear with one good cold front. Just the same I took 20% off the table before and after the report yesterday. SWN HAL CNQ just moved far enough in a short time. Who knows maybe the weather forecasts will roll over during the weekend? Also I would like to see another decent oil report. I would also like to see ng storage action with $7+ ng expected in November.

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