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Politics : High Tolerance Plasticity

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To: cnyndwllr who wrote (212)	2/24/2001 9:20:36 AM
From: jim_p	Read Replies (3) of 23153

Good posts from Michael, Sharp, Metal, John and others. Ed I agree on your point of oil market vs. cash being how far the general market drops, but an even larger risk is how low oil prices fall this spring. NG is the driver for the majority of the cash flow for most of the oil and gas companies, but oil is the main driver for the price of oil and gas stocks, and international oil and gas service activity. We don't know the bottom for oil prices right now in the current down cycle oil prices are in. With both oil price uncertainty and market uncertainty, I would stay clear of all oil and gas investments until we have a better picture. Jim

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