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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: RIK who wrote (6609)	6/28/1999 9:43:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 24905

RIK, Not quite sure how to interpret your post. As for "thinking" - well if a large - and I mean very large - new resource comes on line in the US then the cost of bringing gas from the Artic becomes even more remote of a worry. Therefore the two plays are very much related. So there may be huge quantities in the artic - but the market will need to be hungry to provide a price rationale for its development. Some of the developments in the NW Territories make the Artic even more "remote". As the price for gas rises towards $2.50 US there will be more gas than Pepto Bismol can handle. The artic - well maybe in our kids life time. The phrase "dead money comes to mind". Just think, the market is not even ready to credit the ELH players their value until production gets closer - as in days and not weeks. So, for what its worth - I believe in markets. There will never in the foreseeable future be a shortage of anything in this world as long as markets are allowed to work. Put your GOU where I have put my golds - out of mind and out of sight. Bob