Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Roebear who wrote (71878)	8/28/2000 8:28:44 PM
From: Tomas	Read Replies (1) \| Respond to of 95453

Resource shares seen boosting TSE - Oil, paper and metals set for rise, analysts say From today's Globe & Mail ... On the other side of the resource equation is Canada's energy stocks, which Merrill Lynch believes are about 20-per-cent cheaper than their global counterparts. Mr. Spector said higher oil prices are now seeping into expectations, with analysts raising earnings targets, supported by estimates of solid global growth. "Our oil and gas producers out west are cheap compared to their global counterparts. When you have a sector with fantastic fundamentals plus compelling valuations that's a sector where you want to be overweight," added Spector. Patricia Mohr, economist at ScotiaMcleod, said low crude oil and heating oil inventories should keep oil prices in the high $20 (U.S.) a barrel range, and also boost natural gas prices. "Generally, it does bode well for oil and gas equities. There has been some increase in the TSE oil and gas index and I estimate that will move higher," Ms. Mohr said. Full article: globeandmail.com