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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: jim black who wrote (5422)	12/16/2001 11:21:01 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Jim -- I never meant to yell sell on Alberta Energy, its just that it's a poor "war insurance premium" stock. If and when you change your mind on natural gas, the big three that I've mentioned in my earlier post are the ones to play. From my own experiences the only proper way to play the patch in this type of environment is to go after the big caps -- the babies will lag horribly. Top three reasons to hold the Canadian “big caps.” 1) Market liquidity 2) Long life reserves - slower production decline rates 3) There’s only a few of them left. Anyway... My favorite play here is Pan Canadian Exploration (PCX) - they have some terrific offshore properties in Atlantic Canada and Coal Bed Methane exploration here in Alberta. PCX will be adding some significant reserves to their bottom line in the coming year. BTW; the only patch play I have in my portfolio at the moment is Tesco -- but AOG, RAX and PCX are permanent fixtures on my watchlist. Best Regards Frank Pembleton The Republic of Alberta :)