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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: LoneClone who wrote (76521)12/18/2006 7:42:06 PM
From: quehubo  Read Replies (3) of 206165
 
I think $10 mbtu price is quite an absurd projection for 2007. Perhaps if the weather is 7% colder than normal after the New Year then $8-10 for the year is okay. But presenting this today where the weather pattern will leave us with over 3,050 on storage on 1/1/07 and the pattern is forecasted to remain locked through January is quite pathetic.

The problem is also that demand takes a hard hit once over $9 or so.
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