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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Art Bechhoefer who wrote (2039)9/23/2001 3:20:19 PM
From: Frank Pembleton  Read Replies (2) | Respond to of 36161
 
Art, I must have missed that post, Slider too, I would have taken this person to task, Slider too...

Just going by last weeks storage build of 90 Bcf, this along with the 2,757 Bcf in storage puts us in the extreme end of bearishness, equaled only by the swoon in 1998 where the price of NG dropped below $2. Look for at least another quarter horrible numbers and combined that with the fear of a slowing economy, and then and only then, we will have attained that so-called bottom.

Beginning in December...

Regards
Frank P.