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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Richard Saunders who wrote (7016)2/10/2000 1:05:00 PM
From: kingfisher  Read Replies (1) of 24920
 
Perhaps a sign that a bottom is being put in place for this very maligned disrespected sector.
Mutual funds involving oil and gas are being put into a position of selling stocks trading at 3 times cash flow because their clients are bailing out.The money is going into these high flying internet stocks trading at 1000 times earnings.
Oil at $29 a barrel and these stocks are trading as if oil will soon fall to $18.
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