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

To: Frank Pembleton who wrote (2852)	10/16/2001 1:14:01 PM
From: John Pitera	Respond to of 36161

Hi Frank, I see that we're seeing a big move in both Natural Gas today, as well as the Stocks.. 12:42 ET Natural Gas Rises : Natural gas futures have surged 10% today amid anticipation of a cold front hitting the Midwest. Rally in prices contributing to advance in the oilfield services sector, which is trading up 3.7% on the day, led by RIG +7%, TDW +5%, GLM +4.5%. when you look at the Forward prices for Natural Gas futures, they are consistently over 3.00 for all contracts after Oct of 2002. and the spring 2002 contracts are close to 3.00 as well. I like you point that consolidation occurs in a sector at either a top or a bottom, very true. John