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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: JoeDi1213 who wrote (49862)	8/25/1999 3:54:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Option #2 - one doesn't have to even play the OPEC game... go Gas ! Amazing however; that even the 80% Nat Gas leveraged E&P's will follow the sector in virtual lockstep on a crude oil sell off - even with nat gas up today: go figure... Natural gas heads higher On the NYMEX, September natural gas rose 2.1 cents to $3.08 per million British thermal units ahead of its own industry supply report. The American Gas Association's report on natural gas supplies will be released late Wednesday. The market expects to see a rise in the 45 billion to 50 billion cubic foot range, but analysts at Thompson Global Markets forecast a 50 billion to 60 billion cubic foot increase. A year ago, supplies rose 71 billion cubic feet. Meanwhile, tropical storms Cindy and Dennis, located in the Caribbean are expected to reach hurricane strength within the week, according to a Dow Jones report. Approximately 13.8 billion cubic feet of natural gas, or 27 percent of the U.S. total production is pumped by platforms in the U.S. Gulf coast waters, Dow Jones said. ... a small anomaly-buying opportunity for the Nat Gas weighted E&P's when they sell off on poor crude news... MSDW's technical analyst Roth on CNBC still likes energy fwiw...