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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: HAZ who wrote (4211)11/27/1997 5:18:00 AM
From: Kerm Yerman  Read Replies (1) of 24914
 
HAZ / Canadian Conquest

My view continues the same. Company has the properties to be very successful. However, this doesn't mean the shares have reached their lowest price. It has nothing to do with company merit. It's the market itself. Before I become a buyer again, I will wait for some telltale sign that oils as a group have pretty much bottomed out. I would guess this should be noticeable prior to mid-January and still, no great upsurge until mid to late April.

I have read several comments of analysts and investors that September thru April provides a good period for buying into oil companies. I disagree. My belief is Mar-Apr-May are the ideal months to invest into the oils. 1996 was an exception and major contributing factor providing contrary price movement was higher crude prices. 1996 was the best year for crude oil prices when looking at the past 10 years.
Only prices of 1990 were higher and brought about by the Iraq situation at the time. Just my opinion.
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