Global Santa Fe (GSF) (formerly Global Marine) Message Board

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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)

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To: gizelle otero who wrote (1166)	2/4/1999 9:46:00 AM
From: Robert Douglas	Read Replies (1) of 2282

I am confident that world energy demand growth will recover and the excess of worldwide production capacity will turn to shortage, but the timing of these events is impossible to predict. -CEO, GLM My investment thesis exactly on GLM and the other oil-service stocks. You wrote: The prudent speculative approach is to invest now and be prepared to wait for a reward that is expected to be in the order of 500-700% appreciation from $8.00/share by the year 2000. Your price target is in the same area as mine, although I am not so brash as to put a date on it, especially one so near. I know of two large brokerage firm analysts that are predicting oil in the $17 to $19 range by year's end. Both of these forecasts are achieved by predicting minute changes in supply and demand, something virtually unpredictable. What is predictable, IMO, is that “world energy demand growth will recover and the excess of worldwide production capacity will turn to shortage”. I will conservatively give that three to five years. -Robert

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