Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (93482)	8/11/2001 10:41:10 AM
From: Tommaso	Read Replies (1) \| Respond to of 95453

I was about to post a link to that myself. It does seem to be a strong argument that after the NG works its way through one or two more "bubbles," an enduring squeeze on supply will set in until a northern pipeline can be built.(In this case, by "bubble" I mean the older idea of oversupply, not last year's price spike.) Please let me know the minute you see anything seriously wrong with Purcell. I plan to keep buying it if I can get it at steadily lower prices. Unless there is something I can't see that is fundamentally unsound, dollar cost averaging ought to work to establish a very valuable position by the time gas gets really tight.

To: Cogito Ergo Sum who wrote (93482)	8/11/2001 4:11:56 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

Kastel, yeah just did, and thanks. Does this mean you are diving head first into gas stocks? Be careful, last week Barrons ran an story on the possibility of over capacity in the energy markets. The Bush administration has been subsidizing the living heck out of coal generation, -- by relaxing environmental laws and applying direct subsidies for clean burning technology whether the state run monopolies need it or not. The CEO of the world biggest supplier of uranium is looking at the possibility of investing in idled reactors or completing unfinished facilities. Yeah, Cameco is acting like Denison Mines did 25 years ago. Will there be $10 gas again? Not unless we run out of coal or faced with the prospect of $40 per pound uranium. But you're right on loading up with gold stocks, if the middle east can continue with the high prices, it'll kill that so-called consumer confidence -- and worsen the prospects of a quick recovery. Anyway, forget about KOB.TO, if you insist on owning a junior check out Upton Resources. They're essentially 90% oil, so far bear free, but they're vulnerable to OPEC. Regards Frank P.