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

To: ChanceIs who wrote (106496)	8/4/2008 3:18:48 PM
From: Snowshoe	Respond to of 206321

>>CHK should not be selling off this hard. Something wrong with that picture.<< Something is wrong... domestic NG price is down 37% in one month. It's crashing like a Stuka dive bomber in the gravity field of Jupiter. Greenie was right!

To: ChanceIs who wrote (106496)	8/4/2008 3:18:56 PM
From: Kayaker	Read Replies (3) \| Respond to of 206321

[[ CHK should not be selling off this hard. ]] Looks reasonable given that Nymex NG has been down 7.5%+ today. bloomberg.com Natural Gas Declines on Outlook Storm Will Not Pare Gulf Output By Mario Parker Aug. 4 (Bloomberg) -- Natural gas in New York fell to the lowest in six months amid speculation a storm in the Gulf of Mexico will not disrupt production. Tropical Storm Edouard hasn't shut any significant offshore output. Producers have idled 7.2 percent of Gulf gas output, the U.S. government said. There is a 20 percent chance the storm may reach hurricane strength, the National Hurricane Center in Miami said at 1 p.m. Hurricanes Katrina and Rita devastated oil and gas output in the Gulf in August and September of 2005, roiling energy markets. ``The news du jour is forecasts saying the storm will be more of a soaker as opposed to winds,'' said Tom Saal, managing director of Commercial Brokerage Corp. in Miami. ``It appears to look like it will be a lot of rain.'' Natural gas for September delivery fell 67.6 cents, or 7.2 percent, to $8.713 per million British thermal units at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Gas earlier fell to $8.616, the lowest since $8.355 per million Btu on Feb. 14. Gas has declined 34 percent since June 30. On the trading date closest to this one in 2007, gas closed at $6.09.... bloomberg.com

To: ChanceIs who wrote (106496)	8/4/2008 3:20:45 PM
From: Cogito Ergo Sum	Respond to of 206321

9) #8 stated differently - we have a global NG network given increased LNG capacity Possibly the US is being removed from the LNG equation as a destination with all the shale gas talk and implications.. etc etc etc.. SB good for fertiliser going forward ? It's all too murky for me right now... The Black Swan

To: ChanceIs who wrote (106496)	8/4/2008 4:35:11 PM
From: James W. Riley	Read Replies (1) \| Respond to of 206321

Chance, would you include the hedge fund problems in your list of things that are different this time?

To: ChanceIs who wrote (106496)	8/9/2008 6:46:39 PM
From: marginnayan	Read Replies (1) \| Respond to of 206321

CHK should not be selling off this hard. Something wrong with that picture. Individual Energy Sector Stocks More Negative Bias Summary: Failed bullish chart patterns and new bearish patterns in several individual Energy Sector Stocks corroborate and help to confirm what is apparent in the broader indexes and ETFs, and in the latest investor sentiment data. That is, the prices of energy-related assets have peaked at the recent highs and now appear to be in the early stages of a new, sustainable bearish trend. Energy Contracts, Indexes: Prices Are Breaking Down Summary: According to the tight positive correlation between the prices of these different energy-related assets, the failed bullish chart pattern in the XLE and a new bearish chart pattern in the heating oil contract imply that a breakdown in the XOI is imminent, and that the current 18 month trend of relative outperformance by the Energy Sector is coming to an end. FWIW, update 1st week of August 2008 from a newsletter I follow; No Links