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


To: jim_p who wrote (3254)7/30/2001 3:46:16 PM
From: excardog  Respond to of 206223
 
You PENG shorts are dancing with the devil IMO. Wait until earnings are out and most of the catalysts are gone except the weekly injection numbers.

Couple of decent injection numbers could make you guys cry.

That said I hope everybody makes money on the trade since I closed my long on Friday much to my chagrin. Jimp convinced me although booking profits had been a rarity until then at least of late.

I might short PENG but will wait until late August if then. If I miss the train so be it.

Luck to all

Scott



To: jim_p who wrote (3254)7/30/2001 4:38:53 PM
From: upanddown  Read Replies (3) | Respond to of 206223
 
Jim/Que

Is there a way to link to the RJ reports or cut and paste them or are they proprietary? RJ seems to put out a combination of public and private stuff.

I thought the chart on page 2 here that shows the relationship between WTI prices and total U.S. petroleum inventories (inverted) since 1995 was interesting.

lhttp://www.raymondjames.com/energy.pdf

Shows three previous times when total inventories were in the current range of 650MBbl and that WTI ranged from $18-22 at the same time. Bit of a disconnect developing with WTI at $26.50. Widest disparity in the last 6 1/2 years. Is perceived OPEC solidarity worth 4-5 bucks?

John



To: jim_p who wrote (3254)7/30/2001 6:05:11 PM
From: kollmhn  Read Replies (1) | Respond to of 206223
 
Jim-
IMO, if the E&Ps are going higher based on a real belief that the economy and NG will improve in 6 months, then the drillers would lead the way. Since they are acting like they just came back from a funeral, I'd say that institutional money isn't betting on any recovery soon.

Nor, am I.