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To: ms.smartest.person who wrote (1854)	12/4/2006 11:52:35 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition December 4, 2006 NATURAL GAS $7.806 -0.616 There is always something that can go wrong with any play and there are three significant natural gas exploration plays that we have big hopes for. First of all, there’s Delta Petroleum (DPTR) whose stock has been performing like a rocket over the last two and three months because of big expectations for what may be a basin-centered gas play in Washington State. Eric Sprott certainly has picked a winner here...at least so far. Andy Gustajtis’s Corridor Resources (CDH) pick has performed just as well, tripling over the last year while most natural gassy-type stocks have been clobbered, as gas prices tumbled from highs of last winter. Right now there are hopes that the stock could be worth a lot more just on what they’ve discovered and if they ever do find anything deeper down (now that drilling has started) that could only add more to the upside. Also, Pacific Energy (PFE) could be starting to drill any hour now on their high profile/high risk play just 20 miles away from where Ultra Petroleum has had such success and once again, if their project with Shell hits… What can go wrong? Well of course, they might all miss, but more importantly these days, the price of natural gas is a big concern. If natural gas were to slip back to $4.00 an mcf, a whole lot less people would give a hoot about any natural gas exploration plays. While here in Alberta we’ve had a brutally cold winter for the last 10 days, getting between minus 10 Celsius and minus 30 Celsius with lots of snow, over most of North America, you’ve had record highs and after a brief storm through some areas of the States, it’s right back to near record highs. One thing people should be worried about is the high inventory levels for oil and natural gas, unless winter comes soon! I suspect more than a few natural gas followers these days are following Accu-Weather on a daily, if not hourly basis.