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


To: quehubo who wrote (19992)3/10/2003 11:31:03 AM
From: Tommaso  Read Replies (2) | Respond to of 206110
 
Que, have you seen this:

worldoil.com



To: quehubo who wrote (19992)3/10/2003 11:58:06 AM
From: energyplay  Respond to of 206110
 
Hi Quehubo - my comments were on the article that was posted titled " no natural gas cirisis"

It looks like $6.00 won't kill enough deamand. I think the market will next try $6.50, then $7.00.

By May (or sooner) I expect E&Ps will be able hedge a year forward at over $5.00, and we will see a real scramble for drill rigs.

What's interesting is there will less GOM drilling, as rigs have been moved to West Africa and other places.

Not sure where the market will settle this summer, since it's not clear what supply and demand will be.
We are in uncharted territory.

Still long E&Ps and Royalty trusts.