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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (8910)5/2/2001 11:52:57 AM
From: thestockrider  Respond to of 19633
 
I'm buying NG stocks and land drillers today on the 5-7% discount due to crude inventory buildups. I believe that demand for NG will continue through the summer and that the new energy plan proposed by Cheney will mean more drilling activity somewhere in the US. I'm not buying oil stocks yet. I think demand for oil will depend on how much driving the consumer does this summer. Over the long run, statistics say that # of driving trips are related to wealth and employment levels.
-thestockrider