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: Dennis Roth who wrote (79427)	2/4/2007 10:26:30 AM
From: JHalperin	Respond to of 206131

Dennis: I agree with your last comment about getting under last year's storage level. Caution is dictated. Yet I'm thinking we'll see a spike in NG and related stocks within the next ten days as long as the extended forecast continues to be at least normal. I don't think the "monster draws" coming or the good possibility of ending up at around 1,500 bcf by 4/1/07 is priced in. I'm 80% invested with half in energy. I'm hoping for a 10% spike in the likes of PTEN. I hear much about additional drilling capacity coming on line and softening demand (i.e NBR, PTEN, PDC recent news) and then on the other hand there is the matter of more rigs, stagnant production, favorable current weather and the end of NG glut (hoping). Always conflicting factors involved. I think I'd be a happy camper if I just loaded up on my fav's and stuck them in a drawer for a few years, yet I've been reasonably successful over the years playing the short and mid-term moves and the latter is alot more fun. Your thoughts to my comments most welcome. Thanks and being an hour away from the Windy City I must end with the obligatory GO BEARS! Have a good day. Joel

To: Dennis Roth who wrote (79427)	2/4/2007 10:49:45 AM
From: ridingycurve	Respond to of 206131

>>Just getting under last years record high storage levels is more a case of avoiding another catastrophe for the bulls than a strong bullish setup, IMHO.<< I think you've hit upon a key point, although how much below last year's storage level is critical. Looking further out, a repeat of last summer's unusually hot weather, or lack thereof, will also be critical. Looking even further out is the question of hurricanes. Seems unlikely the season will be as benign as last year, but I doubt there will be another Katrita event in my lifetime. Also be aware that EOG's Mark Papa projects a 1 1/2% production increase in 2007. investorvillage.com On the near term weather front I would caution against using NOAA weekend projections. The 6-10 and 8-14 day forecasts are computer driven with no human input. I assume the same is true of its other weather maps. Congrats to those of you who have caught this run. I had to bow out. My son's wedding last weekend took me out of town for several days, and Wednesday I begin a series of three consecutive surgeries on my hands and shoulder. It would be difficult to enter trades and move stops, especially since my time horizon is relatively short.