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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: hdrjr who wrote (51814)	9/24/1999 12:36:00 PM
From: Tomas	Read Replies (1) \| Respond to of 95453

OPEC's restraint bodes well for energy stocks The Canadian Press, September 24 ... With Canada's winter soon setting in, and furnaces ready to keep out the bitter cold, stocks in those industries could soon experience a boom. And sometimes the weather makes investors impulsive about those stocks. "What you find is that when you do get a really cold day in the winter everyone will start buying these stocks, which is usually the best time to sell them," said Craig Porter, portfolio manager of the Altamira Resource Fund. In the last few weeks, oil and gas stocks have dropped slightly as investors locked in profits and others wondered what OPEC would do. "It's still a good time to buy these stocks," Porter said. "There's some bargains out there now." Most companies see $19 to $20 US per barrel as the range for the average oil price in the next year, he said, and its production is profitable at that level. "There's still room to go on these stocks and we're still positive on the sector," he said, noting stocks aren't reflecting the higher oil price yet. Porter also sees a gradual rise in the natural gas price over the next few months. North American demand for gas has risen as more people use it to run heaters and air conditioners, he said. "Everything looks good on the natural gas front going into this winter," Porter said. Full article: southam.com

To: hdrjr who wrote (51814)	9/24/1999 12:36:00 PM
From: ron peterson	Read Replies (1) \| Respond to of 95453

Is this OH MY GOD THE SKIES FALLING???? or a GIFT FROM THE GODS ? I feel a great opp. here. PGO looks great--MRL and alot of others Ron

To: hdrjr who wrote (51814)	9/24/1999 12:46:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

re OSX--my trading software targets 70-72 for next support test and if that fails then 64-66. My suspicion is that we may get down to the second level, so I'm not buying yet.Too risky----we still have not seen a rally back up (to fail below 10700ish) so we are still in wave 3 down i think--we need a false rally of a few 100 pts and then one final low before I can say that maybe we have enough waves to complete the sequence. So far, the false rally hasn't started. So, I am holding what I own (ouch RRC) but not buying much yet. Now 75% in cash--don't be a hero when we 'could' see much lower prices in a crash mode. ---ps I still think there is a good chance thatMDR will take out the 19.75 low and test 18-19ish btw---one of the trading gurus i follow thinks we are going down to 9100 ish before any meningful turn-who knows- but this reminds me a bit like the few days before Oct19/87 so why take the chance that it is the equivalent of Fri Oct 16, 1987.(In 87 it was Baker's comments re fx--in 99 it was Ballmer??)--my reading of the wave count tells me it could do various things, one of which is to base out 'near' here and then head back up. And if I had to only make one bet, that's what i would choose--but I need to see 5 waves to complete--so far i only see 3 and we are still in 3-so I have no intention of 'gambling' in here today--only after a failed rally attempt to complete 5th wave maybe