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San Juan Basin Royalty Trust Message Board

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  • nomowk nomowk Nov 4, 2002 8:00 AM Flag

    Great run as of late

    Good morning jonhoenig
    It is a basic rule of economic that all commodity prices come down with time. That is part of the definition of "commodity".
    My feeling right now, is the run up in unit price is quite normal as we move into the heating season. The question is "can we hold or increase unit price"? That depends on supply and use rate. We have a record storage level to work with, and the winter is too young to let us know what to expect. If the winter is normal to warmer than normal, the price of NG and as a result the unit price will come down. If it is colder than normal, the price will hold to go higher. Watch storage level closely over the next six weeks. If we start to draw down and the rate excellerates more than normal, we could have a reasonably good return.
    Take care.

 
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