American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.690

0.0%

3:59 PM EST

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To: Hawkmoon who wrote (2543)	6/13/1998 12:57:00 AM
From: Gemini	Read Replies (2) of 2841

Ron, I respectfully disagree with your statement that Eco "is relatively sheltered from declining oil prices". Although Eco is not exclusively in the energy services business, it nevertheless has a small role; consequently, falling oil and gas prices IMHO do have an affect on its share price and there's no escaping that fact. The price of oil worldwide is probably at its lowest point since 1984-85 and I agree with you that it's only a matter of time when there will be a complete turnaround in energy prices. After saying that, I do expect Eco's share price to accelerate prior to the increase of wholesale energy prices. Allan

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