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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (15518)	12/5/2002 3:12:03 PM
From: Cogito Ergo Sum	Respond to of 206183

Hi Sharp, I should have been clearer sb inability to grow reserves / depletion rather than 'Growing reserves / depletion'. I'm looking from the Long Term holding of a trust point of view here where they would pay more dearly for reserves. Granted that would be offset by higher prices but I remember some of the CanRoys overpaid for reserves in their zeal to add (PWI comes to mind) during the last NG bubble. I was admittedly not even thinking of the bullish scenario for prices, more along Tommaso's example of the disappearing trusts. Thanks Kastel

To: Sharp_End_Of_Drill who wrote (15518)	12/5/2002 3:48:17 PM
From: William JH	Read Replies (1) \| Respond to of 206183

Would I be correct in assuming from your comments that the situation would be bullish for E & P companies that can increase production? It would seem that cash flow should be strong for some time for producers.