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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )
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To: saif who wrote (198)6/8/1998 2:42:00 PM
From: Neil  Read Replies (1) of 269
 
First time post here, I've been buying since this stock went sub 4.00

I've read the post that indicates that there is no reason to hold resource stocks in a portfolio at this time.

Contrary to this belief was an article in the Calgary Herald on Saturday that projects oil prices may have hit the bottom. They went further to suggest that now would be the time to pick up these stocks at the prices they are. In the recommendations of several prominent investors, 2 recommended Carmanah as a suggested buy within international oil companies.

I've tried to find the URL that holds the story to link but as of yet I've had limited luck.

So far as holding resource stocks now I believe (only my opinion) that oil will come back (like it always does), this in turn will feed the inflation stats, which in turn will assist with gold valuations. In my portfolio any ways, there's room.

Good luck to all

Neil
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