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To: The Barracudaâ„¢ who wrote (78910)11/14/2000 5:26:01 PM
From: Douglas V. Fant  Respond to of 95453
 
x squared, Talking with my friends in the natural gas pipeline business today. We talked storage and winter weather issues.

Their belief is that we'll jump and sustain $6.00/mcf for gas if we get a drawdown in gas supplies before winter (Dec 21st) officially arrives...

If we reach late December in good condition storage-wise, then they believe that NG prices will fall into the the mid-$3.00-3.50/mcf range by spring- which is still very good off-peak pricing.

Finally for those of you who invest in gas-to-power stocks or have to handle electicity supply issues for your company, $5.85/mcf natural gas which I believe is where we closed today, that equates to $60/megawatt hour for electricity pricing....