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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: JUNIORSPECULATOR who wrote (226)9/17/2000 9:45:15 PM
From: gilbert leblanc   of 350
 
A much higher oil price could be good for the short term but on the long term is bad thing.

Producers like Centurion, Upton, can have decent cash-flow with a US$25.00 price. A price above $40.00 could send the occidental economies into recession which could have the effect to reduce the demand for oil pushing back the price again below US$15.00.

I believe that investors should pay much attention to the fundamentals of Centurion and less on economic forecasts.

Like we say in French: Les économistes font partie de la seule profession qui sont payés pour se tromper.

Have a good week all,

Gilbert Leblanc
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