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To: ItsAllCyclical who wrote (85774)1/31/2001 2:49:59 PM
From: Craig C  Read Replies (1) | Respond to of 95453
 
Canadain oil/gas production numbers in the National Post (newspaper) released by stats Canada.I'll just post what is relevant to you.
oil / natural gas
Production (thousands m3) (millions m3)
jan 99-nov99 111,401 147,834
jan00-nov00 116,753 151,365
change 4.8% 2.4%

**exports
jan 99-nov99 65,724 86,865
jan00-nov00 73,025 89,819
change 11.1% 3.4%

Of note Canadain domestic sales for natural gas increased by 8% for the year and stand at 63,913 million cubic feet.

Hope this is readable.
Craig



To: ItsAllCyclical who wrote (85774)1/31/2001 3:02:46 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 95453
 
1/2 rate cut will do little imho. Techs are still overvalued and the economy is still slowing. Greenspan did slow the economy with his rate increases last year, but increased energy costs were a big part of that picture. I don't see true relief from high energy costs until spring 2001 at the earliest. As such I agree with Slider that the shit will hit the fan later in 2001 as investors realize that backloaded earnings estimates of most of the techs will fail to be met.

Slider, FWIW, you're partly responsible for my PGO position today. We both might be a little bit early, but when you take 40% portfolio position in one stock - well that get's my attention. Hope you're right, but if not I'm prepared to buy at 7 to 7 1/2. I think you're early too early for a 40% position and I will average in over the next month to two months.

TA wise there's too much damage to pop back quickly. I'd look at NSS as a model. Took about 3 months for that puppy to truely bottom and start trending up after warning. Of course they warned about next quarter vs PGO warned about this up-coming quarter and much of the miss appears to be a 1-time earnings write-off. As such it may rebound quicker than NSS.



To: ItsAllCyclical who wrote (85774)1/31/2001 3:15:52 PM
From: Roebear  Read Replies (1) | Respond to of 95453
 
JimL,
Here is one for the TA crowd, anyone can apply, what do you make of this chart:

stockcharts.com[l,A]dacLYyMY[Pb50!b200][VC60][IUc20!Lf!Lg]

Looks like a nice symmetrical triangle heading for a decisive move, current levels are at resistance from the move down a couple of years back (seen more clearly on TO:TEO I think) and recent highs. I am curious about the OBV not confirming the other two acc/dist. indicators. Some chartsites show OBV positive in Toronto though.

Of course this is TESOF, so I might be biased as to the expected outcome,

Edit: The weekly has more clarity:

stockcharts.com[l,A]wacLYyMY[Pb50!b200][VC60][IUc20!Lf!Lg]

Best Regards,

Roebear