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To: Think4Yourself who wrote (66597)5/19/2000 8:22:00 AM
From: jim_p  Respond to of 95453
 
Cash prices for NG at Henry Hub were $3.72 yesterday up from $3.49.

Futures prices are nice to watch, but cash prices are what the oil and gas companies who don't hedge actually get paid.

Jim



To: Think4Yourself who wrote (66597)5/19/2000 8:24:00 AM
From: Think4Yourself  Read Replies (4) | Respond to of 95453
 
Ok, is it just me or do others think the paper barrel traders are jacking up prices in an attempt to sucker OPEC into openining the remaining spigots in June? Crude stocks are still low, and product stocks are lower, but is $30 justified for crude?

I remember all of the products that suddenly started showing up shortly after the last meeting.

Anyone think the current prices are going to hold/increase if OPEC doesn't increase?


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