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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: energyplay who wrote (8910)	2/24/2005 4:18:23 PM
From: Taikun	Read Replies (2) of 11633

Does anyone know what plans there are for refining al this increased oil sands production? From what I've read, the refining capacity is tight and not being added to. If so, then won't the oil sands projects have trouble refining another 1m bpd? Why isn't this being addressed? I am long, but this market is beginning to take on aspects of a mania. Stock A has gone up based on _______(insert favorite commodity here), therefore Stock B should be worth this much. I sold 4/5 of EN.TO and half of OST.UN, 40% of CLL.TO, UTS.TO, and most of my junior energy stocks, and junior materials. This first shot across the bow by S. Korea is a warning shot. Imagine behind the scenes the fireworks that must be going on between CBs and the US. What will happen when the next CB announces and the next and then support is pulled for the USD? The unraveling process has already begun. Time for cash, physical PMs and shorts. I may have left a few pennies on the table, but I don't want to get caught in the stampede to the exits. It may be days, it may be weeks, but I don't think it will be many 'months'.

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