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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (4482)	10/9/2003 11:46:42 PM
From: Duane L. Olson	Read Replies (1) \| Respond to of 4564

E! And NCN goes to a new high once again today. Nice! I'm somewhat surprised to see NCN continue on such a stong course, because I was led to believe that the price of NG was going to be less aggressive in mid-winter than had been projected earlier. Allegedly, Distributors had managed to get NG storage up within 90% of "normal" for the coming heating season. So talk of $8 or 9 NG by January has come down to futures prices around $5.20 if I understood some CNBC discussions correctly. And despite that, the Canadian energy trusts continue strong. Upward pressure on NG continues to come from: -- More and more electricity generation ("green" generation for utilities who are under pressure and don't have hydro, etc.) -- Strengthening economy -- falling production (especially U.S.)(variety of factors) -- Inadequate exploration -- Political restrictions -- Minimal competition (LNG has long been a great prospect, but we're running awfully slow on getting the necessary terminals built) Must be more positives for NG, but these are enough to keep me optimistic on NG prospects. A few years out, I guess, we can expect the LNG terminals, deep NG pools in the Gulf of Mexico coming on line, and maybe even that parallel pipeline to the Alaskan North Slope.. Meanwhile, we'll go on enjoying the goodies....and some pretty decent management at NCN, as you point out. Pretty decent investment vehicle --- thanks again for giving us this baby to ride!... dlo

To: E. Graphs who wrote (4482)	10/10/2003 11:59:04 PM
From: Duane L. Olson	Respond to of 4564

E! Needless to say, the charts on ERF and NCN continue strong: siliconinvestor.com siliconinvestor.com Do you detect any possible weakness, technically, E! I'm seeing nothing but "blue skies ahead" --- which worries me just a little after the great run(s) we've had with both NCN and ERF. dlo