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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: boo who wrote (5081)	5/19/1998 10:41:00 PM
From: Scott Mc	Read Replies (1) of 24925

Quote Crude oil futures prices Tuesday tumbled to a 9 1/2-year low on the New York Mercantile Exchange as U.S. inventories stood at their highest level in five years despite output cuts by some world producers. Crude oil futures fell despite news that a Nigerian refinery outage is likely to hold 375,000 barrels of crude off the market over the next three days, as traders expressed growing concern about rising U.S. inventories. Unquote This is starting to make me nervous, I can pick undervalued Oil&Gas companies, however this will decimate the industry if it keeps up... The only positive is I have fairly large positions in 2 airlines and this will help them....

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