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To: SliderOnTheBlack who wrote (55533)11/28/1999 12:20:00 PM
From: pz  Read Replies (2) | Respond to of 95453
 
Slider,

What happened to your MEXP, which was supposed to be $5 by Christmas? It seems on the chart it's still in a freefall. $1.37 is sure a long way from $5.

Paul



To: SliderOnTheBlack who wrote (55533)11/29/1999 1:27:00 PM
From: SliderOnTheBlack  Respond to of 95453
 
RE: <weather changes & the coming Nat Gas rally>

... a gift horse buying opp for the E&P's into this blow off and pre-the next 2 weeks API's imho:

From Doomberg:

Natural Gas Rises From Seven-Month Low as Cold Boosts Demand

New York, Nov. 29 (Bloomberg) -- Natural gas rose almost 4
percent, rebounding from a seven-month low, as colder weather
moved into the U.S. Midwest, improving demand for the heating
fuel.

The cold front in the Upper Midwest was expected to reach
the Northeast in coming days, dropping temperatures into the
teens and 20s Fahrenheit. Natural gas prices had plunged amid
unseasonably warm weather in the regions. Warmer weather is
expected to return next week, forecasters said.
``The cold has definitely helped the market higher today,'
said Mark Easterbrook, a natural gas analyst at Dain Rauscher
Wessels in Dallas. ``I don't think it'll change the six- to 10-
day outlook that much.'

Natural gas for January delivery at the Henry Hub in
Louisiana rose as much as 9 cents, or 3.9 percent, to $2.42 per
million British thermal units on the New York Mercantile
Exchange. The December contract fell to a seven-month low of
$2.12 in its last day of trading on Wednesday. While natural gas
prices have fallen 20 percent this month, they still are 20
percent higher than a year ago.

The exchange closed early Wednesday and was shut Thursday
and Friday for the Thanksgiving holiday.

The National Weather Service on Friday forecast above- to
much-above-normal temperatures for the eastern half of the U.S.
from Dec. 2 through Dec. 6. A new six- to 10-day forecast will be
issued shortly before the end of trading today.

PS Nathan: re; PXD

... I'd say back to $10 within weeks here; $12 shortly after Q4 reporting and $13-15 by March-April imho.