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Gold/Mining/Energy : t. upton resources
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To: Richard Saunders who wrote (71)1/15/2000 2:31:00 PM
From: The Fix  Read Replies (1) of 86
 
Hey is anyone else following this Gem? I bet the farm on this one (Bought a whole chit load in the last two months.) Here's an interesting story......

(All figures in U.S. dollars unless indicated)
By Susan Taylor

OTTAWA, Jan 14 (Reuters) - As corporate Canada readies to raise the curtain on its
fourth-quarter financial performance, an audience of analysts expects the resource sector
to steal the show with robust earnings tied to strong commodity prices.

Oil and gas companies are forecast to produce particularly good results among resource
companies, buoyed by a strong global economy and booming oil prices. Crude oil has
soared from last winter's low of about $10 a barrel to a current $25 a barrel.

``On a quarterly basis, that's where the big story will be,' said Doug Porter, an economist
at brokerage Nesbitt Burns Inc. in Toronto. ``The resource sector is clearly the
turnaround story of 1999 and it will likely remain the case in 2000.'

That should benefit firms such as Calgary's Talisman Energy Inc. (Toronto:TLM.TO -
news).

Analysts expect Talisman, Canada's largest international oil producer, to show a
quarterly profit of 79 Canadian cents a share when it reports results in early March. That
compares with a loss of C$1.98 in the same period last year, which the company blamed
on writedowns in North Sea operations and low prices.
...

biz.yahoo.com

fIXER
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