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

To: Cal Gary who wrote (7221)	3/31/2000 6:55:00 AM
From: kingfisher	Read Replies (1) \| Respond to of 24927

Bull market in oil and gas starting? Excerpt from the Oil & Gas newsletter by Kerm Yerman The rise in the cash-rich but long-unloved Canadian oils followed a 3-percent jump on Wednesday in the wake of the Organization of Petroleum Exporting Countries deal, under which most of last year's deep production cuts will be lifted. Analysts predicted that this rally, unlike others over the past few months that were snuffed out quickly, could signal the start of a bull market for oil and gas producers. "It is the belief in sustainability and removal of uncertainty" driving the market, said analyst Brian Prokop of Calgary-based Brokerage Peters & Co. Ltd., which now forecasts U.S. benchmark oil to average of $25 a barrel in 2000.