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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: PuddleGlum who wrote (980)	3/30/2000 6:18:00 PM
From: cherrypitter	Respond to of 1602

From yahoo- a report from SSB from SSB by: brunogbw 3/30/00 4:31 pm Msg: 1196 of 1197 "Natural gas storage activity typically reverts to injections from withdrawals at the end of March and it now appears likely that levels will end this season below 1.0 Tcf, or at least 25% lower than last year. Total storage levels now stand at 1.021 Bcf with only one week left in March to be reported. Therefore, while storage levels did not even reach 3.0 Tcf by the beginning of November in 1999, they are likely begin this injection season more than 350 Bcf lower than at the end of March last year. In addition, we do not foresee any net increase in deliverability this summer given the magnitude of the apparent year-over-year deliverability shortfall and current drilling activity. During the summer, weather is much less of an influence on demand and storage activity than in the winter. Therefore, it is more likely that less excess natural gas will be available to refill storage this summer relative to last year. Consequently, storage operators will have to "scramble" to try to refill storage this summer and yet will likely come up short. Thus, we expect natural gas prices to remain relatively strong throughout 2000 and perhaps even gain further momentum approaching the end of the storage injection season this fall."