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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (8188)	4/26/2001 9:27:50 AM
From: stan_hughes	Read Replies (1) \| Respond to of 24927

Scott - Everybody has their own comfort zones. I wouldn't go borrow $20MM and bet it all on NG no matter how comfy I felt. You can't be biting your nails over your investments or you won't live long enough to cash them in. If we get a little downdraft in NG prices during the shoulder between winter heating and summer cooling season, you might want to think about bulking back up again. My read of the TA shows that the $4.50 to $4.75 area is possible, just not probable, so I'm staying long here. I will definitely be buying that dip if we see it.

To: Scott Mc who wrote (8188)	4/26/2001 11:00:53 AM
From: kingfisher	Respond to of 24927

Here is something interesting on natural gas numbers from a post on the Prime West thread from Stockhouse. Prime West is my biggest position. In the junior category I favor Hawk Oil. ............................................................ Copied this from a respected poster on the vpi yahoo board...long and strong on pwi....steve Re: AGA's by: danwilson_Yorkshire 04/25/01 02:58 pm EDT Msg: 18695 of 18697 Here's where storage levels have been at this same time over the last 4 years: @4/24/98 = 1199 BCF @4/23/99 = 1374 BCF @4/21/00 = 1027 BCF @4/20/01 = 748 BCF We have 194 days until Nov. 1st. to get 2700 bcf in storage. (2700 - 748)/194 = 10.06 BCF/day. Weekly injections of 43Bcf ain't going to cut it fellows!!!!! BTW did I mention we aren't going to have as much Canadian gas in storage to bail our butts out of trouble next January like we did this past winter? Conclusion: Weekly AGA report needs to show injections of 80 to 100 bcf during this shoulder period to be "bearish". Once the summer heat arrives, it will be very difficult to find extra NG for storage.