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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: TheBare who wrote (2071)	3/5/2000 8:51:00 PM
From: Fuller	Respond to of 2259

Personally i think you are a little ahead of the oil stocks upward movement but not for long. I am going to look for momo oil stocks. That is when i will invest in oil. For now it seems that the market is blind to the value of a stock.

To: TheBare who wrote (2071)	3/5/2000 10:22:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 2259

There has been recent discussion of using the US strategic oil reserves to in effect "subsidize" the price of gas at the pumps by giving the gas companies cheap oil from the reserve. The US is wary about pissing off OPEC and would rather have them increase production instead thereby lowering the crude price. I think this story won't be over soon, and as you say, it may be a bubble burster. Speculation at this point is all there is. Both sides are hard nosed. Oil being priced over $30 a barrel is a little steep in my opinion, however, any pressure on this market will cause a large movement in the price of oil.....up or down that is the question!! Volatility and uncertainty will be most definite, IMHO. Regards, Wisam