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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: energyplay who wrote (7714)9/30/2004 4:25:48 PM
From: Tommaso  Read Replies (1) of 11633
 
>>>It will be a year or two before we get wild enthusiams for energy<<

Could be longer than that. A lot of people were badly burned on energy in the 1980s, and some investors (including me) had to put up with serious portfolio damage a few years ago when OPEC foolishly increases production well beyond current deman.

It may take several more years to reach a state of euphoria. I also worry about the stocks of good energy companies being dragged down, or at least held back, by a general market decline. I have perhaps posted too often my memory of buying Royal Dutch at a P/E of less than 4 and a yield of about 8% back in 1974.
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