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

To: Ed Ajootian who wrote (13885)	10/11/2002 7:41:09 PM
From: quehubo	Read Replies (1) \| Respond to of 206361

Lets put the pieces together - Colder than normal weather for the next two weeks, essentially starting decent cooling season early, Winter weather forecasts becoming more bullish, Hurricanes taking the estimated Q3 production drop from >1% to >2%, Production expected to be down 6%+ by year end, Heavy non NG fired generation plant maintenance still, Present prices have not spurred drilling increases from this high level ( the 12 month strip is up smartly), Canadian production is rolling over hard as well. Natural gas is a Winter story, something close to a normal Winter and we will be seeing fireworks to ensure demand is squeezed out to ensure we dont get much below 700 bcf. This means residual will be heavilly used as well as heating oil. Oh yeah we have record low oil stocks.

To: Ed Ajootian who wrote (13885)	10/11/2002 8:28:41 PM
From: Tommaso	Read Replies (2) \| Respond to of 206361

Ed, as you will notice from this table, we are not "approaching" an all time storage level, we have BEEN there (measured week by week, against previous years) so long as there continue to be new injections. But these new injections are remarkably small, and the additional consumption of NG by new gas generating plants as well as all the conventional consumers makes this not a very remarkable surplus. highlandenergy.com To have this week's addition virtually the same as four years ago (41/42) is quite bullish. You are already a little late getting in. And the more you wait the later it gets.

To: Ed Ajootian who wrote (13885)	10/11/2002 11:01:02 PM
From: aerosappy	Respond to of 206361

Bloomberg, October 11, 2002: Natural Gas Rises; Cold Front to Boost U.S. Midwest Furnace Use New York: Natural-gas futures had their biggest gain this month because a cold front is forecast to sweep into the U.S. Midwest this weekend, boosting demand for fuel to heat homes. Temperatures in Chicago will reach an overnight low of 35 degrees Fahrenheit (2 Celsius) Saturday, with the high for Sunday expected to reach 48, the National Weather Service said. The Midwest accounts for about two-fifths of the nation's residential gas consumption, and most of that fuel is used for heating. ``Any kind of a cold snap has the potential to spike prices in the face of heating demand,'' said Rick Smith, a futures broker at Fimat USA Inc. in New York. Natural gas for November delivery rose 31.8 cents, or 8.3 percent, to $4.146 per million British thermal units on the New York Mercantile Exchange. It was the biggest gain for a most- active contract since Sept. 27 and the first time futures closed above $4 since Oct. 2. Prices rose 11 percent this week, the biggest weekly gain since mid-August.