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To: quehubo who wrote (23801)6/15/2003 4:48:05 PM
From: Area51  Read Replies (2) | Respond to of 206198
 
I tend to agree with quehubo and the Raymond James take beacon1.rjf.com and the Bank of America take that Tomas also posted

It's good that natural gas prices have increased enough to kill demand so that winter supplies will be adequate. As appealing as it may seem, it is not really in anybody's interest to have natural gas supplies depleted in the winter, as this would just result in massive demand kill as people switch from natural gas heating to electrical heat pumps.



To: quehubo who wrote (23801)6/16/2003 9:42:06 AM
From: Archie Meeties  Read Replies (2) | Respond to of 206198
 
Que, the difference that jumps to mind is that 2000 could support bull market valuations, whereas 2003 will not. Making comparisons based only on storage, price, etc. do not take into account the big change in valuations that have occurred since 2000.

Besides, I think our situation now is more like 2001. The injection picture has changed and the most likely trend is for continued pressure on gas prices.

I'd say with another 2 weeks of big injections gas might be under $4. That type of pricing will crush everything in sight.