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

To: Dennis Roth who wrote (97453)	2/29/2008 7:41:20 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206209

From today's Bloomberg piece: "Supplies may end the cold-weather demand season near 1.25 trillion cubic feet, a typical level, said Charlie Sanchez, vice president of energy markets for Gelber & Associates in Houston. ``Assuming those fundamentals have a price, you couldn't justify a $9-plus price. The fair-market value is somewhere around $8.25,'' he said." Charlie is really missing the boat here. First of all 1.25 TCF is not really that typical, it is at least 100 BCF below the 4 year average (I don't use the 5 year average because '03 was an aberation). Secondly, if in fact we get down to 1.25 TCF this would be lower than the storage level in '05, and in '05 the ratio of natty prices to oil prices was a lot higher than it is today. If we see 1.25 TCF as the low I believe the market will take natty prices into double digits.

To: Dennis Roth who wrote (97453)	3/3/2008 4:56:27 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206209

DJ UPDATE: US GAS:Futures End Lower, Supply Seen Sufficient futuresource.quote.com Bloomberg: Natural Gas Falls as Traders Trim Positions After Price Surge bloomberg.com === Reuters: U.S. spot natural gas prices mostly moved higher on Monday, but milder temperatures in the Northeast pressured New York city gate and some Gulf Coast price points, traders said. www1.investorvillage.com Firm Physical Natural Gas Price For Next Day Delivery intelligencepress.com === GULF PRODUCTION MONITOR: March 3, 2008 There was a big drop in Gulf production over the weekend with a large part of the decline coming from the Tennessee Pipeline system in the Texas onshore area. Tennessee flows from that sector dropped nearly 150,000 Dth/d. Transco flows out of the Texas onshore are down nearly 90,000 Dth/d from levels on Friday. Independence Hub flows are up 21,000 Dth/d to 901,000 Dth/d. bentekenergy.com ==== Temperature Outlooks. wxmaps.org cpc.ncep.noaa.gov cpc.ncep.noaa.gov Cumulative Month-to-Date. cpc.ncep.noaa.gov