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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.6900.0%3:56 PM EST
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To: Gemini who wrote (2544)6/13/1998 1:08:00 AM
From: Hawkmoon  Read Replies (1) of 2841
 
Gemini,

My point was that I felt with this new contract, and its hugely depressed stock price, ECOGF would be relatively sheltered from what is currently occuring in the energy markets.

Of course there is no guarantee the Amethyst Rigs won't be canceled, but I higyly doubt it.

But in general, I agree with you. The markets will turn since producers are only exacerbating the problem by overproducing. Someone has to bite the bullet and its looks like Saudi Arabia, Mexico, and Venezuela are taking the lead (for now).

Regards,

Ron
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