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Gold/Mining/Energy : Orbit Oil and Gas (t.orb)
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To: Tommy D who wrote (162)1/5/1998 8:49:00 PM
From: Serge Collins  Read Replies (1) of 171
 
There could be a stampede for the exit barring an announcement. I decided to sell into the market as I don't think a better offer is forthcoming. The El Nino factor is really starting to have an impact on the oil and gas markets. I live in S. Ontario and it is incredibly warm out. It has and will continue to be mild in the big consuming areas of North America. This will put downward pressure on prices for some time to come. It could be a difficult period for the whole sector in the next 6-12 months.

Having said this, one never knows. Maybe a better offer will present itself, but is it worth the risk?

Only my opinion.
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