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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (54078)10/7/2004 6:16:34 AM
From: Seeker of Truth  Read Replies (1) of 74559
 
Hi EnergyPlay,
I think you are right, buying panic it is. Now the oil/gas/coal stocks are going up faster than the oil price. People who pay more at the pump will be pleased to see significant amounts of energy stocks in the portfolio of their mutual fund.
Even for those who are not obliged to pay income tax, I think the upstream oil companies such as Statoil and Canadian Natural Resources are the best long term investment. Aside from VET.UN,
the trusts seem to restrict themselves to Canada, too narrow a focus, IMHO.
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