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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (1910)8/21/2005 12:36:59 AM
From: shadowman  Read Replies (1) | Respond to of 25575
 
He can add this article to the list. Long NYTimes Sunday Magazine article about oil and Saudi Arabia. A brief mention of Canadian oil sands.

The Breaking Point

nytimes.com



To: TheSlowLane who wrote (1910)8/21/2005 2:24:46 PM
From: Taikun  Read Replies (2) | Respond to of 25575
 
When fund managers and analysts start saying that 'new money should look at another sector but if you're already holding energy stocks not to sell' that always makes me wary. Maybe the oil sands names will enjoy some more media attention, though. Maybe they are classified as 'alternative energy', but perhaps they participate in a sideways/down market. So, I'll hold oil sands.

For energy stocks in general, maybe it is time to be cautious. I wouldn't be surprised to see the energy trusts weak after ex-div next week. So, I lightened and may lighten a little more.

As for Coxe on the miners, most of the miners' charts don't look much better than the energy charts. They seem to have started their selloff a day or so later, though. Maybe their selloff will be shorter but I'm out of some miners (PCU, SID, RIO, FAL) and waiting for a reentry. Looks like FM.TO just did a double top, although the big caps BHP and RTP did seem to take out their spring highs.