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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (8370)7/25/2001 4:27:03 PM
From: Buckey  Read Replies (1) | Respond to of 24922
 
I would like to point out a Junior non producer DYT - VSE. I have owned 10k shares for about 2 years now since the rollback. John tarrant of Australia took over three Pezim shells HDN DYT and GGS. I got to know him by talking on the phone and email. He knows nothing about P&D and only GGS has ever even moved much

I have the annual report and I am happy hanging on to my DYT for a long time beacuse I relly think he is building a company that will have producing properties. At 12-14 cents with 30MM shares I think it might be worth a peek for the spec buy only.

I hope that certain people have m on ignore so they dont attack me as being a paid Tout and all kinds of other slanderous posts.

I am a shareholder in a very very quiet company that may actually do something. I hold this stock in a RRSP LT acct.

Have a great day.

BTW OEL volume of late indicates that someone is buying CC to be spoecific and will likely run it back to the 1.25-1.40 level. I assure you that run is non related to any psosters on here.



To: Claude Cormier who wrote (8370)7/25/2001 5:30:54 PM
From: Richard Saunders  Read Replies (1) | Respond to of 24922
 
Claude - forward-look.

Not sure if it's consensus or not but, imo, sledding ahead will be tougher than previous year. Yr.-over-yr. numbers will be hard to improve upon for many situations. 2Q numbers are just starting to trickle out now and it appears that bottomline numbers are off somewhere in the range of 25%'ish vs 1Q2001. You know about commodity prices. Things like increased field costs, royalties, taxables, etc. have also made an impact. You can also see what that has done to the share prices of oil servicers and general oil&gas producers........

Much of the hoopla in the earlier part of the year focussed around the wonderful pricing (not for consumers) that natural gas would enjoy. Today around 14:00 ET when the AGA gas build number was released some gassier situations seemed to "recover" a touch. General gas storage concerns which seemed to be sparking much of the previous bullish bantering have changed quite a bit over the past several+ months. Here's a link to some recent info. which visually tells a tale...... highlandenergy.com

OPEC's sounds about wanting to keep oil prices within their targetted price band seems to be working....so far. Question remains how much production needs to be lanced. Current number indicates OPEC will take about 1 mil. bbls/day off the mkt. however some pundits feel that it will take double that in order to justify current'ish prices. Interesting times for sure. dismal.com

Thing that I'm trying to watch for is general sense of capital spending plans in the oilpatch. So far the words happening still seem to be encouraging if one listens to the likes of Pan. Canadian, Alberta Energy, Petro Canada, etc. Some folks think that the Philly Oil Services Index is also a bit of a leading indicator for the bigger N.A. picture oilpatch. If so, what is it indicating? maybe some of the global economy stuff is causing some to see the glass half empty.... stockcharts.com[w,a]dbclnimy[dd][pb50!b100!b200!d30,2!f][vc60][iut!La12,26,9!Lc20!Ll14!Lh14,3!Li14,3!Lb14!Lf!Lk14

Opinion? Jack be nimble.

Is this "correction" over? opinion again -- depends on what general economic engines as well as weather are ready to deal in the days ahead. I'd argue that a fair jag of the momentum dollars left the sector back in the very late spring if they already hadn't vacated in December. With the somewhat clouded outlook ahead an optimist could argue that a person probably still has time to pick & choose where they want to be (if at all?) in the sector. Key concern for many will be liquidity, especially with the small jrs./micros. It will also be interesting to see how some of the ex-cashed-up mgmt. groups are thinking after summer holidays and how well they will be received by "investors" if equity thoughts are floated.......