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To: kodiak_bull who wrote (81332)12/11/2000 4:24:33 PM
From: energyplay  Read Replies (1) | Respond to of 95453
 
Natural Gas storage to be exhausted ?

There's an article by Michael J. Economides -
who wrote The Color of Oil, and was predicting $7-8 NG
months ago.

It's some where on the Street.com, I'll try to post a link later.

Key paragraph -

" The problem is not the price; the problem is supply, and the potential for shortage. We estimate that by the end of the withdrawal season this winter the U.S. will have a negative balance of 300 billion cubic feet of natural gas: In other words, we will have depleted all stored gas. Trading at the NYMEX at that time would be halted and price would be moot. "



To: kodiak_bull who wrote (81332)12/11/2000 4:25:38 PM
From: chowder  Read Replies (1) | Respond to of 95453
 
Hi KB!

With a Dubya victory, perhaps we will hear less from the race pimp over the next 4 years.

NG plays have had an excellent day. Which one of you guys lit a fire under SMOP?

The last quote I had on NG was $9.45. I expect we'll see a nice run over the next week or two. If the E&P's don't run now, it's all over but the singing.

dabum



To: kodiak_bull who wrote (81332)12/21/2000 1:38:20 PM
From: CpsOmis  Read Replies (2) | Respond to of 95453
 
<<<<<I sold 1/2 of my RRC today, will sell more north of $6--what a nice investment this little erstwhile turkey has turned out to be.

Just sold my 2nd 1/3rd for nice l.t. 75% gain. Last 1/3rd was bought at 1 15/16 last April....yumbo!

In "let's make a deal" category for final 1/3rd....wait till January to sell to move taxes to '01?.....probably....wait 'till april for that extra 13% reduction to the 20% l.t category? What to do, what to do.....

Cosmo