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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Craig C who wrote (7142)2/22/2000 12:51:00 PM
From: SofaSpud  Read Replies (2) of 24921
 
OK, tell me if I've got this right. The economy is growing at something like 4% per year. So it's probably a safe bet that natural gas demand is growing as well. At the same time, decline rates are something like 20%. The equity markets prohibit the raising of new capital, and the banks aren't interested, so the rate of drilling is a function of cash flow. Hmmm. So the market is telling us that we should be buying books from Amazon.com to heat our homes.

Alright everybody, convert your furnace from gas to paper.
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