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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Gulo who wrote (8389)	8/3/2001 9:19:29 AM
From: Kerm Yerman	of 24922

Hi Gulo I always thought the timing behind investment into the O&G sector was important and that a historical trend was evident. Right now is historically negative. In fact, now is the time to take some profits. It has been, and still is, my belief that stock prices will decline between now and the end of February. That's a general statement. There are exceptions, but they are created by common sense fundamentals. An example would be escalating oil and gas pricing thru this period. Specifically, this year's scenario is just the opposite, O&G prices are on the decline. Cash flow and earnings will be effected and eventually you will see it in share prices. I would be looking to take profits now and look to reinvest the profits come next April, after annual reports and 1st quarter reports have been released. One should also have a better handle on O&G pricing at that time and to fairly estimate what will be the trend over the coming 12 months from that point. But just the same - one must now commence with proper due diligence - nothing is automatic from this point in time forward. My Two Cents Worth The Korner Guy

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