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

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To: Ed Ajootian who wrote (99863)	4/26/2008 3:11:46 PM
From: quehubo	Read Replies (1) of 206128

Ed, you may recall many weeks ago I predicted $10-12 on the 12 months strip when I estimated 1,200~ bcf storage for the low. I also predict we fill storage to 3,500 bcf by November 1, without an extreme Summer and without major hurricane impact. I believe $10-12 NG will destroy enough demand to make it happen. If I am wrong we will have $15-20 NG next Winter competing with heating oil because the market will not take lightly starting the Winter at <3,300 bcf. A normal Summer without hurricane impact and we get to start all over from 3,500+. Dont forget there is allot of new storage being built this year that needs to be filled.

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