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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (24213)3/11/1999 5:04:00 AM
From: Roebear  Read Replies (1) of 50167
 
IQBAL LATIF,
Thanks for your comments on the oil stocks. Agree with your outlook and of course if for any reason OPEC does not cut or cut as much as market is pricing in there will be a selloff.
In the long term I think there will be another run up later and some firming in the oil prices. La Nina extended winter, later and cooler spring, in US, all those gas guzzling SUV's on the highway and general prosperity in the US.
How do you feel about Natural Gas stocks like EVER, MARY, PETD. The way I understand it NG is more of a domestic market in US and NG demand looks to be way up in the coming year, partially because of "green" concerns, while production has been declining along with the rig count (land and shallow) in US and Canada.
Just a thought.

Roebear
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