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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: GVTucker who wrote (7711)10/17/2000 12:07:16 PM
From: SofaSpud  Read Replies (1) of 24905
 
You are quite right, GVT. It didn't make sense before. And so the system had to break down at some point. Just like any system in the market -- as soon as people count on it as a way to make money, it has to break down.

For some of these companies, the current valuations do make sense. But for those where the valuations are unreasonably low, it is a real question whether the managers will come around again looking. 'Cause the bottom line is that you don't make any money if no one comes in after you.
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