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

To: energyplay who wrote (26140)	10/5/2003 8:57:13 AM
From: quehubo	Read Replies (2) \| Respond to of 206265

It will be four years for me in Q1. I have learned that sentiment can change very quickly. What I wonder is what will happen when storage is sitting at 3,200 bcf here in a few weeks and then there still is an extra 3-4 bcfpd of NG available? Not forcing prices high enough to force switching to #2 oil may be worth 1.5 bcfpd this Winter compared to the last. This will be relatively painless to the market. But at what price do NGL's get rejected? At what price does some industrial demand return? I think the present futures price strip is good for a normal Winter and storage ending at ~1,100 bcf. With the present supply demand balance it seems only depletion or increased demand (weather/economic) will force RIG counts higher.