Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: jimsioi who wrote (339)	3/23/2005 7:39:25 PM
From: Taikun	Read Replies (2) of 25575

Jim, I will not be surprised to see oil in the $40-45 range over the next few weeks. That could impact the oil sands names despite positive news at the company level. I still have positions in most of the names, but reduced significantly. There may be rallies to trade but I'm looking to make a major reentry in the low 40's. About the only factor that could derail the continuation of this selloff would be some geopolitical event, but since the refinery fire didn't move oil at the end of the day, I'm not sure a Nigerian or Norwegian strike would be enough when Q2 demand drops 1-2m bpd anyway. I think we might see some nice entry points in out favorite names over the next several weeks. D

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