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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (25691)9/14/1999 9:31:00 AM
From: Fun-da-Mental#1  Read Replies (2) | Respond to of 99985
 
Terry - "how to play the inflating energies" - unless you believe that a general market crash is imminent (a possibility not to be discounted IMO), I would say buy land-based drilling companies and natural gas producers. Offshore drilling companies will be good for next year but land drillers are doing well now. Oil producers are more risky than natural gas, because you never know for sure what will happen with OPEC or the world political and economic situation. Natural gas is the way to go because there is no foreign source for it (except Canada) - it's not so easy to transport around the world as oil. Speaking of Canada, new pipelines have been built which are now making more of Canada's gas reserves available for US consumption - this is great for Canadian gas producers, so I'd suggest you buy some of those.

For more info see the "Strictly drilling and oil-field services thread" - contrary to their name they also discuss oil and gas producers and futures prices.

Fun-da-Mental