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To: Sweet Ol who wrote (38782)1/27/2005 11:01:10 AM
From: Dennis Roth  Read Replies (1) | Respond to of 206223
 
>> the price of OSX and E&P today?<<

I don't try to predict short term price reactions.
The auction of options by ICAP Energy and Nymex pointed towards a draw of 229 Bcf and Roby825 watchers expected a draw of 236. A 230 is less than 8% above the median expectation of 214 of surveyed traders and everyone knows the EIA numbers aren't too accurate. A draw above 200 Bcf may have some short term psychological effect but 200 plus bcf draws are to be expected this time of year and don't get me excited. The warm start to winter has left us with high storage inventories and two weeks of 200 plus draws won't put us in a shortage situation.