Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: russwinter who wrote (23097)	5/28/2003 6:08:15 PM
From: quehubo	Respond to of 206118

Russ - I have seen several comments indicating that production should be stabilized between 900 - 1,000 USA NG directed rigs. We should be seeing 900 here by the end of June. If we go up 10 rigs a week maybe 6 months after we hit 950 we may see production level off? Bam?, the June NG price slams against the floor set at about 10% above the spot price of #2 oil. My weather forecast improved here this afternoon. Also I think chances are good that both the oil and NG data reports tomorrow will be mildly bullish. So I loaded some NBR & WFT on margin close to today's closing prices. Both of these have 30% upside from here by October IMO and maybe 10% short term downside risk.