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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (12838)	2/25/1998 6:31:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 95453

I hope you guys have been buying natural gas stocks, they're going to fly when everyone figures out what we already know. Same w/ land drillers that concentrate on gas drilling. I've revived the UNT thread for those interested. Hit the chart for Henry Hub, and check out the line graph oilworld.com note that gas prices are higher this year in Feb than last yrs Feb and we've had NO WINTER. Imagine what prices are going to do when we get El Nina (very warm summer following El Nino) and everyone is running their A/C, and when we get a bitterly cold winter which usually follows El Nino. Throw in a slow down in drilling for oil on land, giving us even less supply of gas. Well, you get the picture. The only new supply is coming from Deep water GOM (but who knows when that will be on-line), a pipeline from Canada (due to be finished @ end of '98 but likely to be pushed to mid '99) Good luck! -Lucretius