Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Rod Copeland who wrote (36)	12/16/1998 9:39:00 PM
From: Ed Ajootian	Read Replies (1) of 350

Rod, Now I know why that CHK preferred had such a high yield -- they just suspended the dividend! Here's an interesting excerpt from their release today: "While we cannot predict the future direction of oil prices, strong natural gas fundamentals should generate substantial natural gas price increases in the years ahead. We believe natural gas supply will decline because of reduced industry investment and demand will increase due to expected growth in the residential, industrial and power generation sectors.'' This is also my belief. Gas is the more environmentally friendly fuel and that matters a lot here in the US. BTW, wondering whether anyone would care to call what the Iraq bombing will do for oil prices tomorrow. They made a pretty good move on just the rumor.

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