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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (3193)	7/28/2001 7:09:07 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 206100

Que, if injections fall to +70 from here until the end of the injection season we end with 3106bcf around week 45. That level supports about $1.75-$2.00 gas historically. I think that would be a record amount in storage as well... If injections fall to +60... we end with 2966bcf, which I think supportive of $2.00 - 2.50 gas. Although RM and Canadian gas will be painfully difficult to move in either of these situations. How reasonable is it to think that injections avg. +60 between now and week 45? Last year the avg was 65. Supply has grown since then, and will cont. to grow this year. Further +100 AGA's are extremely unlikely, but even a return to last years injections will result in declining ng equity values - some more than others.