Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tomas who wrote (72428)	9/6/2000 1:13:19 PM
From: Tomas	Read Replies (1) of 95453

"The stage is set now for a very strong runup in oil and gas stocks over the next two or three months," said Peter Linder of Research Capital Corp. "What you've got here is all the right ingredients." Linder has said petroleum company profits, which have already broken records in many cases, will increase in the third quarter. Energy stocks are also reaping the benefits of natural gas prices which have jumped to new highs in Canada even before winter weather sets in. Canadian spot gas prices are currently near $6 a gigajoule, almost double the price of a year ago. Another Calgary market watcher expects that price to rise to an unprecedented $8 if Old Man Winter sends the mercury plummeting. From Edmonton Sun, September 6

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