Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Cogito Ergo Sum who wrote (93482)	8/11/2001 4:11:56 PM
From: Frank Pembleton	Read Replies (1) of 95453

Kastel, yeah just did, and thanks. Does this mean you are diving head first into gas stocks? Be careful, last week Barrons ran an story on the possibility of over capacity in the energy markets. The Bush administration has been subsidizing the living heck out of coal generation, -- by relaxing environmental laws and applying direct subsidies for clean burning technology whether the state run monopolies need it or not. The CEO of the world biggest supplier of uranium is looking at the possibility of investing in idled reactors or completing unfinished facilities. Yeah, Cameco is acting like Denison Mines did 25 years ago. Will there be $10 gas again? Not unless we run out of coal or faced with the prospect of $40 per pound uranium. But you're right on loading up with gold stocks, if the middle east can continue with the high prices, it'll kill that so-called consumer confidence -- and worsen the prospects of a quick recovery. Anyway, forget about KOB.TO, if you insist on owning a junior check out Upton Resources. They're essentially 90% oil, so far bear free, but they're vulnerable to OPEC. Regards Frank P.

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