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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8258)1/3/1998 11:59:00 AM
From: Doug   of 15196
 
Oil prices now at the 1994 level are expected to be flat thru 1998.As correctly pointed out by you, Junior Oils with poor cash flows will be extremely vulnerable and may see big price declines. That so, would it not make better sense to remain with the proven Seniors?. In any case would appreciate your expectations for 1998 re: PCP,RES,AXL,NEN,CNQ. Thx.
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