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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Doug who wrote (6293)	4/23/1999 1:42:00 PM
From: kingfisher	Read Replies (2) of 24920

Doug, $19 a barrel a reasonable target to expect.We may see purchasing managers begin to stock up on crude and petroleum products in 3rd and 4th quarters in anticipation of potential YK2 problems.If the logistics of moving oil products get bogged down due to year 2000 issues a stampede could drive oil up to $25 early in 2000.Albeit this would be only temporary as it is not in Opecs best interest to allow oil prices to overshoot.They are probably looking for stability and hence a trading range of $16 to $20 oil for several years. Regards, Richard

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