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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Kerm Yerman who wrote (5928)1/26/1999 12:14:00 AM
From: AL R  Read Replies (1) of 24925
 
Kerm / Index

There certainly is downward momentum and nothing on the horizon to turn it. Seem to remember someone quoting Sir Winston Churchill last summer - something about the "Darkest Hour". Well I don't see any light on the horizon yet. Are we seeing the start of total "capitulation"?
If nothing else the over supply will correct itself as fields are shutdown. This will take time. There will be a lot of collateral damage. Sooner or later the pendulum will swing the other way. The longer this takes, the faster the rebound as companies scramble.

Take care,
Al
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