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To: Tulvio Durand who wrote (27898)8/17/1998 2:05:00 PM
From: gregor  Read Replies (2) | Respond to of 95453
 
Tulvio:

Natural Gas $ per mm btu's
Month Price Change
Sep 1.9950 0.12
Oct 2.0150 0.10
Dec 2.5050 0.07

What is your explanation of the dec contracts for nat gas. Oil is very similar in that the time premium is rather great IMO. The smart money has to be selling the forward contracts. But at the same time by taking the speculative slack out of the market any rally is going to be met with some heavy selling. gregor