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


To: Herb Duncan who wrote (8393)8/3/2001 9:47:49 AM
From: Kerm Yerman  Read Replies (1) | Respond to of 24922
 
Hi Herb

Really great to hear from you. Yes, the markets have been bad and the trend overall still is rather negative. Quality O&G stocks have been a defensive holding thus far, but I think they will begin to decline along with the rest of the market. They are in a double whammy position. You've got a decling economy and the fundamentals in the O&G industry are now negative.

Even good O&G companies with great reporting will drift downward. That's the nature of a negative market.

You might want to take a look at Petro-Canada over the longer term. Get your binoculars out and focus on that offshore activity.

Hope everything else is okay. With the viruses running rampage today, you should be seeing quite a little service activity. Thanks for all the help you have been to me in the past. Twas very much appreciated.

Kerm - The Korner Guy