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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: jdavecook who wrote (25054)	1/8/2003 7:22:02 PM
From: isopatch	Respond to of 36161

Hi Dave. Glad to have an active driller on the thread. And appreciate the information about MVK csng order AWA about depth of DNR Carbon Dioxide wells. Didn't know they were going as deep as 16,000'. Impressive. Of the folks who regularly post here, guess I'm one of those who puts a high value on that kind of anecdotal field information. Keep it coming. AFA the gassers price action? For the past several sector cycles, the yard stick I've been using on lag time between cyclical bottom in the commodity and the NG stocks entering bull runs is 3 - 6 months. If my thesis is correct and we, in fact, saw the cyclical low in NG last July, the only thing I can see delaying a strong move in the gassers is a meltdown in the broad market indices. And that IS a risk going forward. Alternatively, in a flat to slowly declining broad market, expect to see a powerfull rally in the gassers from here. The weather picture is very bullish for the weeks ahead, storage is no longer a talking point for the bears and the low pace in NG drilling, the past couple of years + plus the very high depletion rates in gas wells drilled in recent years adds up to a powerful bullish confluence of events. Have been running with a larger portfolio weighting in the PM stocks for over a month. But, see no problem giving my fav gassers a chance to work. <Patience is a store of value as well as a currency in the biz of trading for a living> Easier to be patient with a portfolio that's hitting one new all time high after another. It did it again today. If I've not already said so? Welcome to Strictly Drilling II. Isopatch