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Gold/Mining/Energy : Swift Energy (SFY)

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To: Robert T. Quasius who wrote (1467)	5/4/2001 12:39:45 PM
From: fp_scientist	Read Replies (1) of 1602

Robert, Re: I think the sell-off in O&G stocks is related to the inventory report, a short term situation IMHO. I fully expect an energy crisis to push NG stocks up again this summer. Most of the new plants being built are NG fired. Agreed. However, the fear of a full blown recession may keep O&G stocks in check for another quarter or so. The combination of a confirmed slowdown (rather than full recession) plus shortages may tilt the pendulum in the other direction in Q3. I expect quite a bit of volatility in the energy sector. Money rotating in and out of tech will also add volatility. Hopefully, SFY will have Kauri to propel its own take off! Interesting how markets have a way of proving everyone wrong. With the bad job report today, the indices sold off but they are all now in positive territory. This market wants to go up! Regards, fp

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