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

To: Claude Cormier who wrote (8373)	7/25/2001 8:31:38 PM
From: Richard Saunders	Read Replies (1) \| Respond to of 24925

claude - here's a link to a message I noticed a couple of weeks ago over on another thread #reply-16075287 Article is definitely bearish however does bear watching & I think some of the stuff is valid for cdn. situations. Re: winter prices -- look at what the futures market seems to be saying re: Henry Hub benchmark quotes.ino.com I guess it sorta' depends on what you're defining as "much higher" for upcoming winter pricing. Weather will have a significant role but question also remains -- "what about industrial demand"? Not sure if you're following another thread -- layoff totals. Seems to be quite a few folks out of work & not all are techies...... Subject 50782 The thing thayt I see on that highland Energy .gif file is the rate of change the blue line has made. Also, tieing gas production lags & I suspect many companies were also expecting healthier (hey, prices are still great compared to just a couple of years ago) than current pricing. I'm hunching injections (supply?) will keep happening at the higher range of the norm. Happy hunting.

To: Claude Cormier who wrote (8373)	7/25/2001 9:42:51 PM
From: Tommaso	Respond to of 24925

"does this means that we are almost certain to see (again) much higher gas prices. As well, even current numbers show very healthy profits and cashflows." You put this as a question, but if you are only partly right, AOG and Anderson, plus a royalty trust like NCN (Amex symbol) should do very well. I am invested in all three, having bailed out of NCN before its slide. Have a loss on Anderson but expect better things. Where is the USA to get its natural gas? From Alberta, and eventually farther north.

To: Claude Cormier who wrote (8373)	7/27/2001 10:28:03 PM
From: Richard Saunders	Read Replies (1) \| Respond to of 24925

Claude - general industry. 32 minute overview. vcall.com Again, not sure how long the above link will be good for however it should take you to the presentation that First Energy's Martin Molyneaux gave on July24 in New York. (imo) The presentation is worth a listen. Timely issues detailed re: natural gas including supply, storage, economic slowdown, new electricity generation and increases from fuel oil and coal producers. Info. also included re: longer term heavy oil trend. Current expectation appears to be that producers will likely back off on capex plans this year by 15 - 30% if o&g pricig remains at current levels. The effect of that will just add to the general supply growth (lack of) issue. Forward look seems to be that equities will likely go sideways for next 6months+ however over longer term returns in the range of 20% - 30% should be apparent. Canadian equities vs. U.S. situations are better bang for the buck. OPEC actions will control oil pricing and current nymex estimate for 2001 gas is $4.50us Longer term models are using us$4.25 for gas or $5.50cdn. Hope it helps.