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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)

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To: DRT who wrote (516)6/21/2000 9:25:00 AM
From: Len Hynes  Read Replies (1) of 601
 
Hi DRT;
Insightful article on the latest OPEC meetings to rein in the "bullbin crude prices":

globeinvestor.com

Here is a short excerpt from the article as well:

OPEC is now in the driver's seat, and well positioned to enjoy high prices for some period of time if it can continue to restrain output," ARC said in a new report.

The Toronto Stock Exchange's oil and gas index rose 110.78 points yesterday to 7,604.05, up 30 per cent so far this year. Yesterday's top gainers included Petro-Canada, Canadian Occidental Petroleum Ltd., Alberta Energy Co. Ltd. and Suncor Energy Inc., all based in Calgary.

For investors wondering whether they've missed out on the energy rally, ARC said oil and gas shares on the TSE have yet to reflect the prospect of continued strength in oil and natural gas prices.

Between now and year-end we should begin to see much higher valuations priced into these oil and gas producers. Senior as well as junior companies in the oil patch should see much higher share price appreciation.

Len
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