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Paramount and Shiningbank

from ChartWorks:: published by Institutional Advisors

Bob Hoye
August 28th, 2006

Natural gas ($7.40) is anticipated to find good resistance in the $9 to $9.50 range into December. The gassy trusts (i.e. Fairborne, Focus, Paramount, Peyto, Progress, Shiningbank, Trilogy) continue to offer an excellent means of participating in the commodity action. The measured technical targets for the initially seasonally strong period into the mid September-October storm season are $24.25 to $24.85 for Paramount and $28.30 to $29.70 for Shiningbank. Key support levels are $19 and $21 respectively.

Barring any major damage to production out of the gulf we continue to view the $75 to $76 level as good resistance for crude oil as we move through September.

August 28th, 2006
Bob Hoye

EMAIL:: bobhoye@institutionaladvisors.com
CHARTWORKS WEBSITE:: www.institutionaladvisors.com

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