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Technology Stocks : Jimbo's Playhouse/CPQ

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To: Mao II who wrote (12505)	8/19/2008 9:17:28 AM
From: Jimbo Cobb	Read Replies (2) of 12662

Time 2 PU sum NGAS under $5 ? ...or maybe not..... Goldman Cuts U.S. Gas Price Forecast 23% on Higher Production By Dinakar Sethuraman Aug. 18 (Bloomberg) -- Goldman Sachs Group Inc. cut its U.S. natural gas price forecast for the Northern Hemisphere winter by 23 percent because of higher-than-expected output. Gas futures, which have fallen 42 percent since July 3, may trade at $10.30 per million British thermal units this winter, down from a July forecast of $13.40, analysts Samantha Dart and Jeffrey Currie said in a report dated Aug. 15. The U.S. investment bank reduced the average price estimate for September and October to $9.25 from $13. ``The strong U.S. natural gas supply growth suggests that incremental LNG imports into the United States will no longer be necessary for U.S. inventories to reach comfortable levels,'' the analysts said.

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