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Strategies & Market Trends : Alamos Gold

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To: vds4 who wrote (493)	11/20/2001 8:58:33 AM
From: Al Collard	Read Replies (2) of 4470

Air Canada Inc - In the News Globe says falling fuel prices buoy Air Canada stock Air Canada Inc Tuesday Nov 20 2001 The Globe and Mail reports in its Tuesday, Nov. 20, edition that falling fuel prices may have been one of the factors responsible for the 24-per-cent gain in Air Canada's stock Monday. The Globe's Keith McArthur writes that the dominant airline's shares soared $1.07 (Canadian) to close at $5.55 (Canadian) on the Toronto Stock Exchange Monday. Raymond James analyst Ben Cherniavsky says airline stocks tend to move in the opposite direction of oil prices. Fuel is one of the biggest expenses for airlines. He estimates that for Air Canada to break even next year, the West Texas intermediate crude oil price would have to average roughly $15 (U.S.) a barrel through 2002. West Texas intermediate crude traded around $17 (U.S.) a barrel Monday.

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