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

To: Frank who wrote (20095)	3/11/2003 7:51:03 PM
From: quehubo	Respond to of 206114

Yes, oil generation (and I imagine everything else)is switching back to NG. #2 oil is sitting at $9 mbtu ($1.22 gallon). Chicago city gate NG closed down to $6.54 today. I expect the next 2 months to have some vicious volatility in NG prices even with out the war. As more stakeholders focus on this Summer and next Winter they will start thinking its better to lock in NG now instead of paying next Winter's price which will have #2 oil price as the floor. We should be hearing some serious questions about how we can enter the Winter next year with the expected low inventory levels that are implied by the data. At OSX ~82 my max margin gets loaded into NBR MVK, thank god I unloaded as much as I did last Friday.