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To: ezspkns who wrote (81818)	12/15/2000 12:40:44 PM
From: Tommaso	Respond to of 95453

Physical reality is sometimes hard to grasp.

To: ezspkns who wrote (81818)	12/15/2000 12:43:29 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

By "issues" do you mean energy stocks? If so then I claim there is no logical reason to sell now. This NG problem is going to last at least through next year, and probably considerably longer. During this time the producers with unhedged production for sale are going to make a killing. These same producers are using the windfall to pay down debt, which raises their creditworthiness and the PE they are evaluated at. It also lowers their interest payments and allows refinancing at lower rates, both of which increase earnings. IMHO taking profit on (most of) the NG producers here is a very poorly thought out decision. EDIT: After reading Roebear's post I feel the need for a clarification. There is no FUNDAMENTAL reason to sell now. There may well be logical TA reasons to sell. Incidentally NG for Jan and Feb up over a dollar today.

To: ezspkns who wrote (81818)	12/15/2000 1:12:27 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I was rereading your post and had a comment on the "carrying" comment as well. I have several pipeline stocks and know for a fact that most, if not all, of the pipelines are operating near/at capacity. That clearly demonstrates the the low gas stocks are not a result of any "desire" to carry lower stocks. It is because the system is operating at capacity and cannot keep up. The only fly in the ointment is the Alliance Pipeline. It may have excess capacity but is probably carrying all the production available near it's access points. I need to look into that, and will this afternoon. EDIT: Alliance Pipeline apparently not fully operational yet. Last update in early November said early December would be full throughput date due to debris in pipeline.