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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Gulo who wrote (5352)	8/29/1998 6:55:00 AM
From: Demetre Deliyanakis	Read Replies (2) of 24898

I agree with your comments. Another positive for oil stocks will be the colder than average winter that meteorologists are predicting due to LaNina. Economic growth will still be relatively strong in Europe and the U.S.A.This will help keep demand growing. The Federal Reserve will probably begin cutting short term rates later this fall. This will help stabilize the currency crisis in the emerging markets. I like Renaissance Energy at these levels. I am tempted to buy Talisman. Buckee is a good president. However, a good portion of their production is in Indonesia and now the Sudan. Production from these areas could easily be disrupted due to political factors. I am confident that oil prices will be higher a year from now.

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