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

To: jim_p who wrote (7001)	8/24/2001 4:33:52 PM
From: Raymond Duray	Respond to of 23153

Hi jim, Re: $1.80 is not that far away now. Now isn't that the most bearish thing I've heard all day? <vbg> It could happen on a spike down during shoulder season alright. But I can see a lot of pent up demand and instantaneously shut-in wells yoyoing the price right back up to about the $3/MCF level. The recent Simmons Intl report: simmonsco-intl.com "High Costs And Falling Gas Prices -- Implications For E&P Economics" is somewhat convincing that this is a realistic bottom going forward. I'm taking it with a grain of salt, though, because Simmons was swearing last spring that $3.80/MCF was the practical bottom. <w> Ray