Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tommaso who wrote (863)	11/22/2000 7:47:27 PM
From: Gofer	Read Replies (2) of 74559

How would you "buy an oil field"? Tommaso, you probably already know this, but for the benefit of others on this thread ... Amazingly, there are some equities that IMO are undervalued. Of course, in the current market situation, these stocks have been going down a bit, but I expect a rebound. They're Canadian Oil & Gas producers. Many of the smaller producers are selling at Price/Cash-Flow ratios of 2 or less and the larger producers at around 4. I've been buying the juniors with heavy natural gas weightings. If you're into royalty trusts have a look at Athabaska Oil Sands(AOS.UN) or Canadian Oil Sands(CO.UN) trusts which are both invested in the Syncrude Canada Oil Sands project. This is how you "buy an oil field". Links to most Canadian producers can be found on the Canadian Association of Petroleum Producers web-site: capp.ca Other than O&G stocks I'm on the side-lines watching the people still invested in tech stocks play football without their helmets. Cheers and happy thanksgiving to all Americans and give my regards to President-elect Al Bush. - Gofer

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