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Gold/Mining/Energy : Pending recovery in natural gas prices -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (3)	2/27/1999 10:14:00 PM
From: G.T.	Read Replies (1) \| Respond to of 9

Robert Thanks for the Barrons article, I subscribe to Barrons and read it this morning. Up here in Canada the situation is the same drilling down, pipeline capacity up. This will lead to higher prices.

To: Robert T. Quasius who wrote (3)	2/28/1999 1:37:00 AM
From: Gary105	Read Replies (1) \| Respond to of 9

I think the article is on right track but a little optimistic re. gas prices. Other numbers I've seen call for '99 prices to be in $1.90 range (per MM BTU), '00 prices in $2.25 range and '01 prices to be in $2.75 range. The trend is right. I figure electical capacity coming on line over next year should increase demand by 3.5 Billion cubic ft per day which would eat up storage in about 200 days or by next winter. The feeling in the industry is that $3 is upper end of range. As prices approach that number a lot of needed production and exploration will be stimulated. I like the stocks you picked. Others to consider include KP - making $, 2/3 of revenues from gas, very modest P/e and great management, and IO - maker of seismic equipment. Each have considerable insider buying. Also want to copy another article on Salomon forecast/recommendations: NEW YORK, Feb 25 (Reuters) - Salomon Smith Barney's natural gas analyst, Thomas Driscoll, raised his forecast for the average price of natural gas in 2000 to $2.75 from $2.35 per million British thermal units (mmbtu), his office said Thursday. The forecast is based primarily on a falling drilling rig count, which has cut the number of wells drilled and will curtail future production. -- Driscoll's office confirms he raised the ratings on natural gas companies in anticipation that gas prices are close to or have hit bottom. -- Raised rating on Tom Brown Inc.(Nasdaq:TMBR - news) to outperform from neutral. Share price closed Feb. 24 at 9 on the Nasdaq stock market. -- Raised Burlington Resources Inc. (NYSE:BR - news) to outperform from neutral. Share price closed Feb. 24 at 31-13/16 on the New York Stock Exchange. -- Raised Enron Oil & Gas Co. (NYSE:EOG - news) to buy from outperform. Share price closed at 16-5/16 on the NYSE. -- Raised Forest Oil Corp.(NYSE:FST - news) to buy from neutral. Share price closed Feb. 24 at 5-1/2 on the NYSE. -- Raised Noble Affiliates Inc. (NYSE:NBL - news) to outperform from neutral. Share price closed Feb. 24 at 22-3/8 on the NYSE. -- Raised Santa Fe Energy Resources Inc. (NYSE:SFR - news) to buy from outperform. Share price closed Feb. 24 at 4-7/8 on the NYSE. -- Raised Unocal Corp. (NYSE:UCL - news) to outperform from neutral. Share price closed Feb. 24 at 27-1/2 on the NYSE. -- Raised Vastar Resources Inc. (NYSE:VRI - news) to outperform from neutral. Share price closed Feb. 24 at 38-1/2 on the NYSE. -- Raised Barrett Resources Corp. (NYSE:BRR - news) to buy from outperform. Share price closed Feb. 24 at 15-13/16 on the NYSE. -- Raised Devon Energy Corp. (AMEX:DVN - news) to buy from outperform. Share price closed Feb. 24 at 21 on the American Stock Exchange. -- Raised Houston Exploration Co. (NYSE:THX - news) to buy from outperform. Share price closed Feb. 24 at 13-11/16 on the NYSE. -- Raised Louis Dreyfus Natural Gas Corp. (NYSE:LD - news) to buy from outperform. Share price closed Feb. 24 at 11-3/8 on the NYSE. -- Raised Swift Energy Co. (NYSE:SFY - news) to buy from outperform. Share price closed Feb.24 at 5-1/8 on the NYSE.