AHHAAA....Hi Ed!
Safely nestled heaah, and AH AM REAAADY fo' dose foarworks, SUH! ~LOL~
[ah think that Ispyoil has a crystal ball, and ah am ~gigglin'~ that PQUE is 'back in da saddle agiiyuun'!!]
Healthy volume, yes....:
tscn.com
<<<Small Cap Express January 17, 2000
smallcapcenter.com
DAILY WRAP UP
With all U.S. markets closed Monday, the resource-heavy Toronto Stock Exchange captured the limelight and rose dramatically, lifted by surging oil and gas equities. They carried the TSE 300 index to 8479.30 points, up 121.84 points or 1.46%.
The exchange's oil and gas sector was up more than 5% Monday.
After languishing for some time, oil and gas stocks caught fire Monday following huge leaps in the futures price of crude oil posted late Friday. The NYMEX price of West Texas crude oil jumped $1.33 a barrel Friday to a nine-year high of $28.02 a barrel. Those levels were last seen during the
1991 Gulf War.
Oil prices had been galloping up all week for a total weekly gain of $2.50 a barrel.
The price hikes are a response to the announcement last week from the Organization of Petroleum Exporting Countries (OPEC) ministerial monitoring committee that it strongly recommends its deep cuts in production be continued well beyond March.
Earlier that day upon arriving in Vienna for the OPEC meeting, Iranian Oil Minister Rijan Zanganeh said he expected the supply restrictions to be extended well into late summer. "We believe it is necessary that the cuts
should be rolled over and continued until September," he said.
The worry is that continued cutbacks in OPEC production could produce an oil shortage by spring.
However, analysts now say that results from the oil and gas companies for the fourth quarter should be extremely robust. Investors are now snapping up energy issues on further expectations that the much under-valued sector will rise on the earnings reports.
In London on Monday, the North Sea Brent Crude was up 4.48 at $25.65 a barrel.
The Canadian Venture Exchange, the only other North American market open Monday, also had a very good day. Its CDNX Index leapt up 29.01 points or 1.13% to 2586.42 points.
The Canadian dollar is trading at US$0.6898, up slightly from Friday's level. Again, volume was very thin as U.S. currency dealers were not at work Monday.>>>
'Bout anothah month, we shud heah a verrry nice earnins repoaht from ouah lil company, yeuss?? AND, mebbe even a progress repoaht on the Valentine, Falcon and Turtle Bayou fields, huh?
~VBG~
Mah best,
T. |
