Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crocodile who wrote (5685)	12/7/1998 7:08:00 PM
From: AL R	Read Replies (2) of 24905

Croc David stole my thunder. I agree with him whole heartily. I too saw the article which said the bottom for oil isn't here until we see total "capitulation". It has taken over a year to bring the supply up this high and it's still building. They are running out of room to store the stuff. There was a report that there was 3 to 4 million barrels of the stuff missing. (probably floating around the ocean looking for a place to dock). It won't be long before we see total capitulation but barring any unusual circumstances, it will be a long time before the supply/demand gets balanced out. On the other hand, I see gas being dumped on because of the unusual warm weather and some buying opportunities there. La Ninina is suppose to hit in February/March. I belive that it will and we will see demand for gassy stocks. Don't for get the pipe lines coming on stream. You got sometime to put a new generator on that old truck, but don't wait to long. Take Care, Al

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next