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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (31483)	7/23/2003 10:19:51 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 36161

Kastel, thanks for the link. One change that is occurring i the northeast is that natural gas is increasingly the fuel of choice for both peaking and ordinary demand, on account of all the pollution problems from coal, together with the higher prices for oil. Also, natural gas units can be built more rapidly and have a lower initial cost than plants fired by other fossil fuels. A recent example is the new natural gas plant built by FPL Group to service customers in Brooklyn, NY and Long Island. Despite the fact that coal is cheaper (as long as old coal plants can be upgraded without adding new pollution controls), the states in the northeast are resisting efforts to increase coal generation. Natural gas is the short term fuel of choice, all of which adds to the demand and price for natural gas. FWIW, my main holding is in Chesapeake Energy, not only because of its domestic, land based natural gas reserves but because of its excellent record on hedging oil and gas prices. Art

To: Cogito Ergo Sum who wrote (31483)	7/23/2003 11:33:32 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

Kastel. <Coal is still king.> Definitely the most ignored of the major fuels by denizens of the web. Penn Virginia (PVR) is coal with some NG thrown in. Entered (per RT post here) some months back, and Mrs Patch - the LT player in the family - continues to hold her position. finance.yahoo.com Div no longer over 8%, but still pretty decent. Well worth watching, at the very least, particularly for US based investors. How bout our PMs today?! Rock on, Isopatch