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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: bill who wrote (7109)6/8/2004 8:13:38 PM
From: a.handbag.  Read Replies (1) of 11633
 
Fred Leuffer, the oil analyst for Bear Sterns, wrote a note to clients in which he opined that oil would fall to $20 in 2005. This is for him a bullish call, as he has been predicting $18 oil for the last three years. We need this sort of thing to counteract the articles in magazines such as National Geographic which predicted the end of the oil era and which screamed Contrary Indicator. I love to hear those bogey words "awash", "glut", "flood", "wall of oil". Fade the noise.
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