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

To: Ed Ajootian who wrote (21652)	4/15/2003 8:44:18 AM
From: sportsman	Respond to of 206326

<On rig capacity, the proof of the pudding will be how much day rates increase as the rig count goes up. If they don't increase as much as the last boom, this would be strong indirect evidence that there is more rig availability than in the last boom. Stay tuned for the 1Q earnings reports I guess.> Word is out here in the Eastern Panhandle of TX that PTEN is increasing dayrates $1K a day and moving 3 more rigs into the area. Sportsman

To: Ed Ajootian who wrote (21652)	4/15/2003 8:49:25 AM
From: Tomas	Respond to of 206326

Q1 Earning Outlook: E&P Strong, Oilfield Service Mixed Raymond James' Energy "Stat of the Week", April 14 "There is always a lag between commodity price moves, rig count moves, and earnings moves. The rig count doubters have already been proven wrong. Likewise, we expect the earnings doubters to be proven wrong over the next several quarters. ... Bottom Line: Strong U.S. gas fundamentals are very much place and ultimately this will drive higher cash flows, earnings, and stock prices for energy stocks." 170.12.99.3

To: Ed Ajootian who wrote (21652)	4/15/2003 9:16:30 AM
From: onginvester	Read Replies (1) \| Respond to of 206326

Ed.... Canada has updated their file with imports and exports of NG to the US for Jan '03. In Jan '03 Canada exported 311.5 BCF to the US compared to 330.5 BCF last year. Canada also imported 31.8 BCF from the US compared to 25.4 BCF last year. With Canadian exports decreasing and imports increasing, the net effect is that there was 25 BCF less NG available for the US from Canada in Jan '03 compared to Jan '02. It will be interesting to follow this data throughout the year. If the 25 BCF monthly shortfall continues all year, that would be a total of 300 BCF less NG for the US in '03. Kern River gas is going somewhere already it is adding capacity but is being re-routed into a bigger pipeline.