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Canadian Pacific Railway Limited Message Board

  • sfdavies sfdavies Dec 7, 2000 12:55 AM Flag

    more - on natural gas


    Today's news. at 8.80 per BTU has enormous
    cash flow. And prices may move higher. We are talking
    3 billion or more annually. Someone do the math.

    Natural gas futures on the New York Mercantile Exchange
    closed up $1.101 at $8.485 per million British thermal
    units. Earlier in the day, prices hit a record high of
    $8.80 per Btu.

    The EIA projected U.S. natural
    gas supplies in storage would decline to 0.64
    trillion cubic feet (tcf) at the end of first quarter
    2001, about half as much supply when compared to same
    period of 2000.

    ''Spot gas prices at the
    (producer) wellhead have never been this high for such a
    sustained period of time,'' EIA said. ''Cold weather for
    prolonged periods this winter would strain supplies and
    could result in even higher spot prices.''

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