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


To: Raymond Duray who wrote (8812)4/11/2002 10:03:25 AM
From: kollmhn  Read Replies (1) | Respond to of 206143
 
Ray-
I thought the guys that "can run the market" are already doing so.
I have read a couple reports indicating that in spite of the predictions for falling supply and rising prices coming from virtually every single student of this sector, that those two dynamics will NOT meet early enough to avoid lower prices first.
Frankly, we are at an all time record storage level and for us NOT to hit 3000Bcf will require summer storage to be a new record low by close to 100 Bcf.

Now that the price advantage of switching from coal/resid oil to NG has largely eliminated by NG recent rise, I wonder if that record will occur.
I'm not betting on it but, if others are, I'll keep owning the names I have. I don't plan on adding any gassers, just yet, though.