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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 (16219)	12/27/2002 7:43:22 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 206281

Ed, >>>>Needless to say this bodes well for E&P companies heavily weighted toward natgas. It would not seem to bode well for the North American drilling companies though, since I don't see natgas prices staying much over $4 once we get through the winter, unless it gets a lot colder in a hurry or oil prices stay over $30. In other words, we appear to be in a range where 700 - 800 rigs is all its gonna take to supply enough gas to get to a $4 price, and the E&P companies will not drill any more than that.<<<< I came to the same conclusion that in this environment the E&Ps would do well while the OSX stocks would not get the expected boost. I still think we will get a nice boom in North American land drilling, but the timing is definitely in question. Sharp