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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (4251)	5/7/2001 4:14:41 PM
From: Think4Yourself	Respond to of 23153

I can tell you with some certainty that you won't see a 100 BCF build reported next week if the weather this week matches the forecasts. Those who followed the weather last week probably wouldn't be interesting in shorting ahead of this week's report either. Watch what all those commodity traders do, many of them shorting NG already, if there is not a big build reported this week. They are counting on a big build. IMHO shorts had better be awful nimble.

To: Second_Titan who wrote (4251)	5/7/2001 5:02:47 PM
From: chowder	Read Replies (2) \| Respond to of 23153

Hi Que! Earlier today the E&P sector had a catalyst going for them. Two merger announcements were made. This should have shot the XNG higher! It did early in the trading session and then backed off. Backing off in the face of a catalyst isn't what I'd consider a good sign. I freely admit I could be wrong, but the failure of the XNG to rally is bearish for the sector from my point of view. I don't doubt that the energy sector will pick up this summer, I just happen to think it drops near term. What about analysts estimates now that the price of NG is dropping? Do the E&P's guide lower? Do they hit the higher valuations with lower NG prices? And if they don't, how do they compare with the higher comparisons in the past? It certainly looks like a lot of uncertainty to me. It is still the price of gas isn't it? I know these companies make lots of money with $3.50 gas, but they don't meet comps or justify higher valuations. Just my humble thoughts, I'm trying to maintain an open mind. dabum