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

To: onginvester who wrote (75222)	11/17/2006 9:10:09 AM
From: Frank	Read Replies (2) \| Respond to of 206118

Ongin-- pursuant to your point -- The first six weeks of this year we withdrew 272 bcf. In 2003 we withdrew 466 in just two weeks. Frank

To: onginvester who wrote (75222)	11/17/2006 3:59:14 PM
From: profile_14	Respond to of 206118

Point taken, but that is already reflected in the equity prices that are at all time highs (look at DVN for example). Despite gas being volatile, DVN has held up and I think that one could argue (and has already in the press) that these securities are trading at a premium, not a discount, to the current gas price. Therefore, what next? I think we wait for the weather or markets to break one way or another since I feel we are stuck in the middle of something, to be so eloquent. Either gas prices fall and bring equities along with it, or gas prices rise further due to weather and speculation (although there is no real fundamental reason for it to be here right now in my opinion besides speculation about impending weather). Personally, I think the value right now is with the refiners as utilization increases and the driving season improves with the holidays. Crack spreads have been also steadily improving since reaching lows about 6 weeks ago. The one thing that is not factored into the markets is a colder than normal winter since everyone is expecting an el nino winter that is warmer than average. I am not short energy or services here and am still long VLO the same amount of shares without having traded it in two months or so. I am short tech. Call me crazy with a k and a backward z, but this thing needs a breather and we might just get one next Monday IMO.