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

To: Tomas who wrote (6437)	2/5/2002 9:49:43 AM
From: Tomas	Read Replies (2) \| Respond to of 206089

We Are Lowering Our Near-Term Gas Prices Forecast Due To Weather, But... Gas Production Declines Still Suggest Looming Shortage. ... Why are we so optimistic for second half 2002 gas prices? We believe that U.S. natural gas production this summer will be down more than 5% (or 2.5 Bcf/day) on a year-over-year basis. ... Over the past 15 years, Canadian supply has been the savior to U.S. natural gas markets. Unfortunately for U.S. consumers, it looks like the days of meaningful Canadian gas supply increases to the U.S. are limited. ... As we move through the summer, we expect year-over-year gas demand to be up two to three Bcf/day due strictly to fuel switching incentives offered by lower natural gas prices. If the economy begins to recover, as many expect it to do, gas demand would likely increase substantially more than two to three Bcf/day through the summer. Full analysis: Raymond James Energy Group, February 4 170.12.99.3