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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Doug who wrote (4464)	1/12/1998 8:28:00 PM
From: Kerm Yerman	Read Replies (1) of 24927

Doud / Sell Off Pattern I don't have any specific statistics for comparison. But there is some ballpark data we can discuss. Let's look at both the integrated oils and prducers from 1985 to the present. Shares fell off in the later half of 1987, from late 1990 to early 92, mid 93 to the end of 94 and the last quarter of 97. The 1987 drop in share prices occurred over an approximate 6-month period and shares fell about 25%. The 1990 downtrend lasted about 16-18 months and shares fell approximately 33%. The 1993 period of falling share prices was from June thru the end of January, approximately a 7 month period. Loss in share value was approximately 28%. The current falloff in shares has lasted 3 months thus far. Keep in mind shares are still losing ground and we have yet to see a bottom. Thus far,

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