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

To: Eva who wrote (8797)	4/2/2002 1:26:05 PM
From: SofaSpud	Respond to of 24922

It depends on your risk tolerance, tax position, and overall portfolio objectives, of course. Personally I'm holding on, for a couple of reasons: - I bought in because it seemed a reasonable way to participate in ELH -- it's a small part of Elk's ops which gives Elk the option to stay or go at Aidan's whim, not anyone elses, but they have a big enough WI to be meaningful; - I thought they had a reasonable stable of other properties to exploit. If gas prices do what I think they will, i.e. drop sharply later this year, then you would see Elk at $2.50 again before you see $5. OTOH, a year from now gas prices will be higher, and I see no reason why Elk won't be around to benefit. Since I've never been able to time worth a poop, I'm going to hang around. That should give you additional justification to get out <g>. Good luck!