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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Leigh McBain who wrote (499)	5/24/2000 3:13:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 601

Hi Leigh; Here is an equally good article on natural gas prices. I see that oil is having another screaming day...up $.95 cents.I expect the O & G sector to rock very soon... hydrocarbon prices seems unstopable. Canadian Spot Gas Prices Up on Plant Shutdowns CALGARY (Reuters) - Canadian spot natural gas prices climbed by as much as 15 cents a unit Wednesday in some regions on short-term supply shortages in Alberta and longer-term shortfall worries in the U.S., industry sources said. ``NYMEX is screaming to record highs because they can't get enough gas into storage for next winter and Alberta is a little short of gas at the moment because of scheduled maintenance shutdowns at several larger plants,'' said one Calgary-based trader. He said some gas from Alberta was being shipped to the western U.S. to help meet the unexpected cooling demand there from record heat, which helped tighten the Canadian market. Spot gas at the key AECO storage hub in Alberta climbed 15 Canadian cents from Tuesday to another record high of C$4.90-4.95 per gigajoule. In late NYMEX trade, the June contract was up 10.6 cents at $3.92 as traders anticipate another bullish storage injection report later this afternoon. A Reuters poll showed most industry players expect a 60-65 bcf weekly stock build when American Gas Association storage data are released later today. For the same week last year, stocks gained 73 bcf. On average over the last five years, stocks have gained 83 bcf this week. To reach the industry goal of 3.0 tcf in storage by Oct. 31, average weekly injections of 76 bcf are needed. Weather Services Corp. expects temperature highs in Calgary to range from 61 to 65 degrees F over the next five days, or about one to two degrees above normal. In export markets, gas at Sumas in the west traded unchanged from Tuesday's average at US$3.35-3.40 per million British thermal units. In the east, gas for export at Niagara in southern Ontario gained about 10 cents to US$4.05 per mmBtu. Swing gas at the New York city gate on average today was in the US$4.20 area, up five cents from Tuesday's average. Temperature highs in Toronto will range from 63 degrees F on Wednesday to 66 degrees by Saturday, which is seasonal.

To: Leigh McBain who wrote (499)	5/31/2000 9:50:00 AM
From: Len Hynes	Respond to of 601

Hi Leigh; Oil and natural gas prices continue a steady climb upward...check out this article from Reuters: Canadian Spot Gas Prices Jump With Nymex, Field Receipts 09:28 GMT-04:00 Wednesday, May 31, 2000 NEW YORK (Reuters) - Canadian spot natural gas prices jumped almost 30 cents in Alberta on Tuesday, fueled by firmer NYMEX trade and declining field receipts on the NOVA pipeline due to some processing plant maintenance outages, industry sources said. ``We were up a little with NYMEX, but (NOVA) field receipts are low due to plant outages, and there seems to be some panic (buying) among end-users,'' said one Calgary-based trader. Spot gas at the key AECO storage hub in Alberta rallied 29 Canadian cents to C$5.49-5.54 per gigajoule. The price has risen about C$1.50 per unit in the past two weeks and has more than doubled since the start of the year. On Monday, the NYMEX July gas futures contract finished up 8.6 cents at US$4.354/mmBtu, then on ACCESS tonight climbed to another new contract high of $4.464. The all-time NYMEX spot futures high is $4.60 set on December 17, 1996. Traders attributed the NYMEX rally to a firm physical market and expectations for another bullish weekly U.S. inventory report on Wednesday. Injection estimates for Wednesday's weekly AGA storage report range from 29 bcf to 75 bcf. For the same week last year, stocks gained 71 bcf. On average over the last five years, stocks have gained 93 bcf this week. Total inventories of 1.218 trillion cubic feet were 414 bcf, or 25 percent, below last year and about 117 bcf below the five-year average. Weather Services Corp. expects temperature highs in Calgary to range from a below normal 59 degrees F Tuesday to 68 degrees on Saturday, which would be about four degrees above normal. In export markets, gas at Sumas in the west traded up 20 cents from Monday to US$3.77-3.82 per million British thermal units. In the east, gas for export at Niagara in southern Ontario was four cents higher at about US$4.45 per mmBtu. Swing gas on Transco at the New York city gate on average today was in the US$4.53 area, little changed from Friday. Temperature highs in Toronto will climb to 75 degrees F on Wednesday, then moderate to 68-70 degrees by Friday-Saturday, which would be just slightly above the seasonal average.