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To: Knighty Tin who wrote (242066)5/22/2003 10:17:51 AM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
All this surplus expesnive housing has to be heated (and cooled). 70% of the heating is with natural gas, and much of the cooling, via power plants run on gas.

Greenspan is dead on about the natural gas shortage, just as he was about irrational exuberance. He did nothing about the latter, when he could have done something, and there is nothing he can do about the former except to provide enough money so people can borrow against their home equity to pay their heating bills.

Many companies will benefit from the squeeze on natural gas, but the ones most likely to be held by institutions are the larger cap ones, such as APC, APA, BR, CRK, DVN.

DVN in particular is poised for spectacular earnings gains, which will lift its stock price 100% in the next eighteen months (IMHO).

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