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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (4999)	1/22/2001 6:07:37 PM
From: Libbyt	Read Replies (1) \| Respond to of 57684

>The best piece I've read in months. < I agree....a very positive article. I especially liked the last sentence ....."your definition of conservatism in technology and mine are two different things." LOL! I have always liked the technology stocks, although recently I have diversified a small portion of my portfolio to hold some energy related stocks. (Victor made a good choice to add some of these stocks much earlier in the year!) In energy related stocks I am currently holding CHK, TMR, PDE, and ROYL. Under their listed business description, Royal Royale Energy Inc. is an independent oil and natural gas producer. The Company's principal lines of business are the production and sale of natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by the Company. It owns wells and leases in major geological basins located mainly in California. I realize that energy related stocks can be cyclical....but I've been buying on weakness, and IMO some of these stocks most likely won't decline in value as much as in past years due to our increased awareness of the shortages now occurring. With our energy crisis, there is some talk of incentives to increase gas production. An interesting article on this issue. sacbee.com ..."The price-induced rush to produce, explore and drill for more gas has also spurred industry leaders to seek new legislation this year aimed at getting more in-state gas to market faster. They want a state tax break to encourage gas exploration by California producers and prod two big utilities operating major gas lines to be more responsive to producers' needs."