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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Lorne Larson who wrote (6028)	2/13/1999 1:21:00 PM
From: Richard Saunders	Read Replies (1) of 24898

Lorne/ drilling numbers, general sector CF, etc. Tomas posted a decent overview article a little while ago #reply-7647986 Your AEC ponders make sense but will they make cents? Insiders lightening some positions, capital program being eased back, more sector companies facing bankers' wrath, general disdain by some funds who recently paid hard dollars to buy stocks that are now worth considerably less, etc., etc. As a blurb I noticed this past week indicated, "AEC remains a core investment in any serious o&g portfolio" however rating assigned was ACCUMULATE. Suspect there's still some tough slogging still ahead for a few (or more?) qtrs. Also hunch that the drillers, such as Precision Drilling, will possibly give an indicator when more spending and activity will return to overall sector. Bottomline? - I don't know.

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