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

To: Cogito Ergo Sum who wrote (35628)	10/7/2004 11:08:54 PM
From: Ed Ajootian	Respond to of 206330

Spotted, I've been meaning to thank you for mentioning Viking, I bought some a few weeks ago. About 2/3rds of their production is oil vs. gas, and the companies that are that highly weighted toward oil are all outperforming the averages. My favorite CanRoy is Provident Energy Trust (PVX), which also has about 60% of its production from oil, much of which is light sweet crude. They have embarked on an interesting strategy, buying up a coupla California oil producers. Even though their production in the US is subject to US tax, they figure that the economics are so good (probably the decline in the US $$ vs. the Can $$ has something to do with it) that even if they have to pay US tax they can still do very well with this strategy.