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

To: energyplay who wrote (20039)3/11/2003 6:24:01 AM
From: quehubo  Read Replies (1) | Respond to of 206106
 
The market is generally looking for a draw 25-35 bcf higher than Robry. Lehman calls for a 90 bcf draw with 3-4 bcf of demand destruction.

The response may be hard to predict. Indication that 30 bcf was destroyed at higher prices that have since dropped may force NG futures up to those prices again.

If Bastardi's forecast holds it will be the straw that breaks the camels back.

E&P's are holding up very well. I expect NG prices even with a mild weather to start their way up at the latest once April-May show very poor injections, and Canada hits zero.

I would expect another good draw on distillates tomorrow.



To: energyplay who wrote (20039)3/11/2003 6:38:51 AM
From: russwinter  Read Replies (2) | Respond to of 206106
 
<Davis/Bastardi guessing game.>

My bud Joe (Bastardi) has been cleaning these guys clocks.

Doesn't really matter though as we'e getting into spring, and the damage is done. My focus is going to be on the cure (drilling activity). Fot the market to just depend on "demand destruction" at $5-6 gas is naive and stupid, unless huge periodic gas spikes are their cup of tea.


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