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

To: kingfisher who wrote (7116)	2/10/2000 1:30:00 PM
From: Tommy D	Read Replies (2) \| Respond to of 24920

If oil maintains its current price level for the remainder of February, the price could go back to $19 for the remainder of the year and the average for the year would still be $20, which is what many of the analysts have used in their cash flow projections for 2000. I may take until the March Opec meeting for the stocks to get moving or else the industry itself may set things off thru mergers or acquisitions. The brokers I have talked to seem to think that the clone funds are taking a lot of money out of Canadian equities, including oil and gas stocks and base mineral stocks. For example, Noranda's cash flow numbers look very good yet it keeps getting hammered. I hope that patience will be a virtue in respect of the oil/gas sector but it is extremely frustrating right now. Regards TommyD