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: 1coolpiglet who wrote (83735)	4/28/2007 5:34:44 PM
From: quehubo	Read Replies (1) of 206338

The bearish argument ignores that 1% electric load growth requires about 400 bcf more ng per year. Environmental issues will force fuel oil burning for electricity only in one direction. Older coal plants will become obsolete. Ehtanol, biodiesel and tarsands all will cause more ng demand. This year Hydro levels will be worse than last year, at least from some articles I have seen. I dont think NG moves much outside of $8-9 average on the 12 month strip. I think the oil side will only make any short term ng s/d imbalances have a tight floor on one side and the sky for the other side of the imbalance. Right now PTEN NBR BJS et al are worth >30% more than they are being valued. A hot start to the season and this wont last.

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