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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: johnlag who wrote (6024)2/12/1999 10:04:00 PM
From: Lorne Larson  Read Replies (1) of 24893
 
Maybe someone can correct my thinking on what seems to me to be a dead solid bet. It goes as follows:

1. The natural gas market is strictly North American as opposed to the
oil market which is global.

2. The depressed oil and gas prices are curtailing both drilling for
oil and natural gas in North America.

3. Oil prices may stay depressed because we are talking Saudi Arabia,
Iran, Iraq, etc etc etc.

4. The natural gas market is unrelated to Saudi Arabia, Iran, Iraq, etc, etc, etc.

5. A crunch is going to come in North America for natural gas because they have no money for drilling - for gas or oil.

6. I should buy North American companies heavily weighted to gas. In
particular Alberta Energy, which is becoming a giant.

O.K., what am I missing?
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