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Strategies & Market Trends : Strictly: Drilling II

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To: Cogito Ergo Sum who wrote (1177)9/7/2001 6:17:01 PM
From: Frank Pembleton  Read Replies (2) of 36161
 
Kastel, I haven't skirted your question on energy issues, I'm still thinking about it. I've been looking through some stats on coal consumption:
eia.doe.gov

There really hasn't been a big increase or decrease in consumption, which tells me two things, the economy hasn't shrunk has badly as the stock market has been telling us and new power generation hasn't been brought on stream yet.

Same scenario with nuclear energy:
eia.doe.gov
As you can see the numbers are and have been static for the last couple years. The point I'm making is that natural gas weighted energy stocks do well at the beginning of December onto the middle of February regardless of market conditions, just look at a NG chart throughout the Asian Contagion. I've also looked at weather reports indicating a much colder winter this year.

The two stocks I have on my watchlist besides the Canuck big caps I've already mentioned are; Canadian Hydro Developers and Canadian 88.

BTW: As you know my investment style is one based on capital gains, sector rotation as needed. :)

Regards
Frank P.
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