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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)
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To: rajaggs who wrote (567)9/15/2000 9:23:40 AM
From: Len Hynes   of 601
 
Hi rajaggs;
Not surprised with your comment re Kuwait being maxed out with production...I saw as well where Iraq is accusing them of dipping into producing fields which straddle their common borders.The issue of most of these producing countries being unable to ramp up production has been hypothesized for some time now....I believe that the continuing strong prices are telling us that this is most likely true.Add to that of course, the known fact that refining capacity has peaked out, tanker trasportation space is maxed etc.etc.....and we have the recipe for $35-$40 oil for some time.

Gentry has found a strong base in the ~.$70 cent range, and as we go forward I would expect to see a stedy upward growth in the share price.Next strong moves will most likely come with further production increases either from additional drilling or acquisition.

In either case, our time here at this price level is getting short.

Regards,

Len
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