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


To: Tomas who wrote (19703)3/5/2003 11:43:29 AM
From: wildandwonderful  Read Replies (1) | Respond to of 206089
 
the inventory levels are very bullish. The primary trend in OSX is still up. If we have a bullish Gas drawdown tomorrow and OSX still don't participate, it may be time to watch from the sidelines.



To: Tomas who wrote (19703)3/5/2003 12:47:27 PM
From: Tomas  Read Replies (2) | Respond to of 206089
 
Salomon Smith Barney Raises Natural Gas Forecast by 37% to $5.60
By Margot Habiby

New York, March 5, 12:23 (Bloomberg) -- Salomon Smith Barney raised its 2003 spot natural-gas price forecast by 37 percent to $5.60 per million British thermal units because of a colder-than-normal winter and high crude-oil prices.

Temperatures this winter have averaged 6 percent below normal, compared with 10 percent above normal last year, according to the report by analysts Robert Morris and Michael Schmitz.

The draw on natural gas will likely cause storage levels to approach or fall below 650 billion cubic feet by the end of March, the Citigroup Inc. unit said. The record low for inventories is 697 billion cubic feet, set in 1996. Gas storage owners have said they may not have adequate supplies by next winter if stocks fall too low this month.

The estimate is an average price for the full year and includes all regions of the U.S. Salomon also raised its 2004 forecast by 20 percent to $4.50 per million British thermal units.



To: Tomas who wrote (19703)3/12/2003 11:18:18 AM
From: Tomas  Read Replies (2) | Respond to of 206089
 
DoE vs API
(million barrels)

DoE API Expectations (Bloomberg)
Crude -3.8 -1.7 +1.5
Gasoline -4.1 -4.9 -0.9
Distillates +1.8 -0.1 -2.4
------------------------------------------
Total -6.1 -6.7 -1.8

Utilization +2.5 +1.4
% 90.3 89.0

Imports: DoE API
Crude -1.1 -0.7
Products -0.7 -0.7

Inventories: DoE API
Crude Oil: 269,800 267,037
Gasoline: 202,000 202,732
Distillates: 98,300 100,254