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 : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (8584)	12/12/2001 2:34:07 PM
From: SofaSpud	Read Replies (1) \| Respond to of 24921

Seems pretty clear that the sector is running off commodity prices right now. Gas prices aren't going up any time soon, and oil prices will only go up if Binnie's boys nuke Saudi. I'm certainly planning to add to my positions, but not for a while. Careful with RAX -- that debt scared me off. Remember 1998? At the beginning of the year, lots of companies had tolerable debt at 2x CF. By the end of the year CF had fallen so far that some of them were at 5x. RAX has had to scale back capex, so production growth is questionable. In a weak price environment, debt is going to undermine the share price big, IMHO. Thanks for the TA comments on ELK.