Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Sam who wrote (1870)	3/14/1999 10:55:00 AM
From: Tommy D	of 2306

What we need is a sustained move in the price of oil and a return in value for the larger Canadian oil/gas companies. For example. Talisman has moved up 30% in the last week or so but is still only 60% of it high from a few years ago. I think people have to recover on their core investments before the speculative or junior stocks will move. Also, the recent problems with Blue Range also make people step back and take a second look. The good news I think is that we seem to have bottomed and if the world producers stick to their agreement, $18 oil or better is very feasible in the near future. May not be good for the overall market (re. inflation) but should be good for us. Time will tell. Regards TommyD

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