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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: CpsOmis who wrote (86509)	2/7/2001 7:35:19 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Yes, I am still heavily NG oriented here. I don't believe that very many people are keeping in mind the cause for the recent low draws. Low NG prices will bring back an awful lot of pent up demand. We aren't out of this yet, not by a long shot. The low NG prices could exacerbate the problem because price is the only mechanism to keep supply and demand in balance. If supply is dangerously low and prices don't reflect that then what's to keep supply from running out? As recent posters have pointed out, there is a great deal of confusion as to whether or not there has been any flush production effect out there. Companies like BR produce more NG than a dozen independents. The article about production declines named the bulk of the major producers, which is the main reason I distrust the EEA report. Lastly there is the obvious fact that stock prices still aren't close to reflecting commodity prices.