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Gold/Mining/Energy : Oil & Gas Price Economics
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To: Rod Copeland who wrote (194)3/27/2000 6:47:00 AM
From: Ed Ajootian   of 350
 
Rod,

Great to see that OPEC looks like its gonna raise production by 1.5 mmbod. I really mean that! It is in everyone's interest --- OPEC, O&G Investors, HEC, even ROCO Petroleum --- to have stable oil prices. As we've found out, when oil gets priced too high it provides an opportunity for the high-cost producers to go at it --- which in turn brings on too much supply.

Wondering if you hung in there with Panaco. I believe all the bad news is now out and that one is primed to take off at this point. They have about 40% oil production, all un-hedged.
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