Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Frank who wrote (66289)	6/20/2006 5:03:46 PM
From: Bernie Diamond	Respond to of 206214

Frank, excellent post! Keeping the faith in fundamentals. <eom> Bernie

To: Frank who wrote (66289)	6/20/2006 5:17:48 PM
From: wherry	Respond to of 206214

I think you are right, of course, and have put my portfolio money where my mouth is. Mr Market disagrees with us, at the present time, which is never a nice situation to be in. I guess if investing was easy and our knowledge of fundamentals was always complete and perfect, then there would never be any opportunities to profit from differences of opinion. That also means, for us now, that we will loose our shirts if we are eventually shown to be heroically wrong about North American natural gas, and will do just fine in the reverse case. Six months to a year should give us lots of answers. Tony.

To: Frank who wrote (66289)	6/20/2006 6:05:13 PM
From: quehubo	Respond to of 206214

No doubt all of the fundamentals indicate PTEN et al are bargains here. Whether they become better bargains soon who knows. The year over year price decrease going through January should also stoke demand. Waiting for the exact bottom is tough here, buying into a 10% gain day is not easy either. Once the herd returns I suspect the movements in BJS NBR EOG PTEN et all will be swift.

To: Frank who wrote (66289)	6/20/2006 7:56:23 PM
From: CommanderCricket	Read Replies (1) \| Respond to of 206214

Frank, "No one admits the shocking truth --PRB production is declining" Obviously talking about CBM. Is it water disposal and/or depletion problems? Haven't paid attention to the issue CC

To: Frank who wrote (66289)	6/20/2006 8:17:55 PM
From: Dennis Roth	Respond to of 206214

U.S. LNG Imports Falling Fast, Surprising Analysts -- 2006 Currently Trending Below 2003, Conference to Examine Why marketwire.com HOUSTON, TX -- (MARKET WIRE) -- 06/20/2006 -- Just a couple of years ago energy analysts predicted U.S. liquefied natural gas (LNG) imports would rise sharply to fill a yawning gap between declining production and greater demand for gas-fired power. Cambridge Energy Research Associates (CERA), for one, predicted North America would "require about 11 billion cubic feet per day (bcfd) of LNG supply by 2010" -- an increase of tenfold over current levels to roughly 15% of North America's gas consumption. This prompted government leaders, like the heralded Alan Greenspan, Fed chairman, to sound an alarm. In his July 2003 testimony before the U.S. Senate's energy committee, Greenspan cautioned, "Markets need to be able to effectively adjust to unexpected shortfalls in domestic supply. Access to world natural gas supplies will require a major expansion of LNG terminal import capacity." Yet, shortages of natural gas and higher U.S. prices have not netted more cargoes. Since July 2004, inbound LNG cargoes have fallen from 28 to just 12 in March 2006. Meanwhile, developers have expanded import capacity to more than 5.0 bcfd -- four times the level necessary. Adding current construction and planned expansions at existing terminals, capacity is likely to exceed 23 Bcfd by the 2011, creating possibly a glut of terminal space like what occurred in the 1980s when LNG was expected to fill a large portion U.S. demand. "LNG demand is always difficult to predict," said Bob Nimocks, president, Zeus Development Corporation, publisher of LNG Express, an industry newsletter. "It is the swing variable between supply and demand." The factors that have led recently to falling imports include delayed construction of export plants, strong demand in Europe and Asia, falling U.S. gas demand, resilient domestic production, mild weather, and regulations that prevent power producers from entering into take-or-pay contracts. August 23-24, Zeus will host a conference in Houston to examine each of these issues and their ultimate effect on the quantity and timing of U.S. LNG imports. Analysts from McKinsey & Company; the National Weather Service; Gaffney Cline; CRA International; Levitan; Fearnley's; AMEC Paragon; and Columbia University are among those presenting perspectives. For more information, contact Rebecca Maitland, 713-333-5773, email rmaitland@zeusdevelopment.com or access www.lngexpress.com/im. ------- Frank, that should cheer you up a bit.