To: Gary Burton who wrote (53723 ) 10/29/1999 11:00:00 AM From: SliderOnTheBlack Read Replies (1) | Respond to of 95453
Got "enough" Gas in that portfolio ? <<The natural gas market has been tight of late. On October 20, the American Gas Association reported additions, or 'injections,' of 6.0 bcf (billion cubic feet), well below last year's rate of 8.3 bcf, and the lowest weekly level since the AGA began releasing data in the 1970s. In recent weeks, Raymond James analysts have argued that the natural gas supply/demand situation, more than any time in 20 years, creates the potential for double-digit price increases this winter, adding that recent improvements 'may be just a prelude to an extended era of profitability for equity investors in natural gas oriented stocks.' The Raymond James model factors a 3% decrease in U.S. production versus last year and a normal winter (which implies a 10% jump in demand from year-ago levels. The model indicates the potential for very low gas storage levels of 300 bcf by the end of March, which would likely produce a spot natural gas price over $10. Even on a more conservative assumption of 'a 5% warmer than normal winter,' there is still the possibility of a 'tight' storage level in the 655-bcf range by end-of-winter, far below last year's 1335 bcf level. According to Tysseland, 'three years of below-normal winters have masked normalized demand for natural gas.' >> C'Mon UPR - filled my tank in the $13's ;- come to daddy in the $12's... over 50% upside, merely in the return to its recent high of weeks ago; with "THAT" quarterly ?!?!?! margin city baby.... = a "doubler" in weeks imho... SII and UPR - my 2 fav's here fwiw...damn; PGO is cheap too - make that my 3 fav's... damn FLC is cheap too... soooooo many fav's - soooo little cash left (VBG).... $lider smelling the money...knowing the major cabbage is coming & coming soon ~