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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Claude Cormier who wrote (6944)11/17/1999 3:51:00 PM
From: Richard Saunders  Read Replies (3) of 24920
 
claude/ "one best O&G investment"? Sounds like you're looking for the same thing everyone on the rest of this thread is trying to find too.

Purely personal opinion and some of it has come thru tuition uglies. IF you're trying just to pick the "one" situation then you're probably better off going with something like an energy-based mutual fund. Thing that seems to be consistent with these cdn. oil stocks is that it often helps if you take the basket approach and go for 6 - 10 situations. A couple will probably flame-out for whatever reason, most will do whatever the overall O&G index does and HOPEFULLY a couple will end up by making solid impact on the upside. Overall it those couple of homeruns that will make your basket look quite good.

Most recent stock I've bo't was Merit (MEL-tse at $1.15) and most recent stock sold (too early?) was Ascot (AER-ase at $0.29).

Happy hunting.
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