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Gold/Mining/Energy : Swift Energy (SFY)
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To: PuddleGlum who wrote (661)2/20/1999 5:15:00 AM
From: Mark  Read Replies (1) of 1602
 
PG - Thanks for the info. It seems to me that we only have a few more
weeks where there will be a similar draw on storage and then things will
ease down. This implies that we will go into the summer months with
quite a lot of NG in storage. The price of oil doesn't show any sign
of rising (and I *suspect* that it may only be a question of time
before the Saudis get soooo fed up with the lack of collaboration on
output that they flex their muscles a little).

Under these circumstances I wonder whether we'll see < $1.70 for NG ?

Much as I'm tempted to buy more SFY at these prices, I'm going to wait.
(This probably marks the bottom then !)

Mark
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