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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (76775)	12/24/2006 8:53:39 AM
From: Ed Ajootian	Read Replies (1) of 206223

eplay, I don't really follow the Canadian oil sands companies so I won't be able to help you. Many others here do, maybe they can help. I know that conventional oil reserves are getting a value of something like $20-25/bbl. these days. Oil sands reserves should be valued at a lower price than that, due to the substantially higher development & production costs. I have dabbled in stocks of companies that work with commodities other than oil & gas, but have tended to remain concentrated in the O&G companies. I understand this business pretty well right now, top to bottom, and it took about a decade to get to this point. It seems crazy to trade that all away and become a neophyte in another business, just because the commodity price underlying that business is going idiotic.

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