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Gold/Mining/Energy : Magin Energy-MGY on TSE -- Ignore unavailable to you. Want to Upgrade?

To: TheBare who wrote (29)	4/11/2000 11:23:00 PM
From: Jidamo	Read Replies (1) \| Respond to of 92

I believe oil & gas stocks will be hot again because: 1. While the price of oil has backed off considerable from its recent high, it is still more than 40% higher than just 1 yr ago. This will crystalize in the form of healthy cash flow increase for most oil and gas producers. 2. The price of gas remains strong and will continue to crystalize in the form of improved cash flow. 3. For those producers who were hedged and haven't yet seen the full benefit of the improved oil and gas prices, their turn will come as the hedges expire. 4. As the cash flows get healthier, certain parties will decide it is cheaper to buy reserves than drill for them. Look for lots of take over attempts of undervalued oil and gas assets. We are seeing some already, but, only tip of iceburg. 5. Because of the above 4 reasons, eventually, investors will regain interest in oil and gas stocks, particularly the junior and midsize producers. This is why I am buying now and not selling any at this time. I urge others to do the same as I am convinced you will eventually be well rewarded if you choose undervalued oil and gas asset stocks. These are my reasons.It's Ok if you don't agree with me but please give me some insight why you would believe differently. John