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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies
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To: PuddleGlum who wrote (125)1/29/1999 9:36:00 PM
From: Robert T. Quasius   of 318
 
I like the prediction about much higher gas and oil prices next winter.

He also mentioned that without much natural gas drilling, any surplus will be gone before long. This confirms what I've heard from other sources, that gas wells are depleted much faster.

I am more heavily weighted towards stocks that are 100% natural gas (EVER and PETD) or heavily so (SFY and SMIN), and not as much for companies with much oil, except for AXAS.

Of these stocks, EVER, PETD, and SFY will definitely continue to show positive earnings even in this environment. SMIN and AXAS will show losses, but are so ridiculously undervalued relative to their prospects that I continue to hold. I recently tripled my SMIN holdings, and will probably do likewise for AXAS. I saw a report recently giving a risk adjusted break-up value for AXAS of $14/share, yet the stock is selling for less than $3.
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