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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Gary M. Reed who wrote (16225)	9/6/2000 11:47:58 AM
From: patron_anejo_por_favor	Read Replies (2) of 436258

Gary...I haven't bought the Canadian producers, I think DA Kinkaid had a real nice list of 'em. I bought TK (midsize oil tanker co), GRL (Indonesian E&P co), and Anadarko (APC). I'm looking at MND right now for their natural gas reserves, UCL may also be a good play here. I think we have a way to go...the strength of the current move has been underestimated all along. Furthermore, there will be extreme pressure inside OPEC not to let prices drop much, because everyone except the Saudi's are producing at full capacity right now, so if prices drop, they can't make up the lost revenue on volume. The whole oil delivery system worldwide is stretched drum tight; any unanticipated increase in demand (cold weather, etc) or decrease in supply (refinery outages, longer than anticipated maintence periods, pipeline explosions, etc,etc) and the prices will shoot through the roof. I think $7 Natural gas and $45/bbl oil are achievable by March...

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