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 : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mark who wrote (651)	2/15/1999 8:00:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 1602

I also hold TMAR. I've already increased my holdings in TMAR, RIG, XTO, and SMIN, and likely will increase my holdings in SFY soon. I also hold AXAS and MIND, and will likely increase my holdings later this year. NG prices should turn around faster than crude oil prices. Nearly all NG in the US comes from North America. There is less storage available for NG, and NG wells don't last as long as crude wells. IMHO, we may see prices drift down for a couple of months, then by mid-year we should see a rally begin in NG producers like SFY.

To: Mark who wrote (651)	2/15/1999 9:19:00 PM
From: nuke	Respond to of 1602

Excellent questions I wish I had the answers. I do know as I work in the electric power industry that no Nuclear or Coal plants are being built. All capacity additions are of natural gas fired combined cycle turbines. The plants range from 100 to 800 MW and will burn a lot of NG. The reason the industry is going NG is low cost (currently)and relatively low investment (a lot less risk in a newly competitive deregulated market) than a billion dollar fossil or multibillion Nuclear unit. Natural gas is not exportable the way oil is so when the worm turns and we start getting a lot more of electric energy through NG burning we will be tapping the local (US) market first, not importing. I dont believe NG will be tied to the price of oil as much in the future it will be a function of utility and nonutility NG large scale users. with that said I dont know when the demand will start increasing but check out my facts if you will on new generation sources.