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

To: Think4Yourself who wrote (80631)	12/3/2000 9:24:50 AM
From: Tommaso	Read Replies (2) \| Respond to of 95453

I have worried for some time that energy stocks might be pulled down in a general market slump along with everything else. Last week I established small positions in both ROYL and BKP.TO--Royale energy and Berkley. My first purchase on ROYL was up 50% by the end of the week and Berkley took off at the end of the day almost just after I bought it. Story in both cases is gas produced within California and going directly into the market there now priced at $17 and above. Berkley is supposedly one of a number of companies involved with this deep drilling at Lost Hills that (people claim) is hitting enormously pressurized gas reservoirs. Supposedly the first producing well from this escapade will be tied into a pipeline system by the end of January. This may be one of the best energy plays in a long time, unless it turns out someone has been flaring a propane truck at the drillsite to create exciting pyrotechnics. In case that all sounds too scpetical, please note that I have BOUGHT Berkley, so I think there is something to it. ROYL is by comparison conservative. These stocks are taking the place of my techno-Internet puts for pure speculation.