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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: mark calgary who wrote (2275)	12/17/2001 11:19:47 PM
From: sportsman	Respond to of 11633

Mark, I'm well aware of the drilling activity, I see it every day. Usually after the drilling slows down, it takes about 9 months to appear in the supply numbers. With the storage numbers we have, it is going to take some time to work through that gas. We have approximately 15 weeks left of draws. Even with very cold weather, there will be a lot of gas in storage when spring arrives. I'm quite bullish on NG in the long term due to the depletion numbers, just not the short term. I also agree with you on the drillers and wanting to take a short position in PTEN if it will hit 23. I shorted EVG last week at 42. <g> It is trading at very high cash flow multiples. Sportsman ps. In my area: The work over units are still busy, but drilling has fallen off a cliff.