Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HAZ who wrote (4211)	11/26/1997 5:04:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 24910

HAZ / Market A couple of weeks ago I spoke to my broker, after I had identified what seemed to be quite a few incredible values. He gave me a rare piece of good advice: "don't get in the way of this market." So far the advice has paid off, because everything I've watched that had anything to do with resources has continued into the tank. Right now as far as the market is concerned there is nothing any of these companies can do right. Personally I'm getting a bit tired of owning companies that scream value - sure, I have the satisfaction of knowing, but it's a lot more fun if a lot of people join you so you can actually realize some of that value. Maybe sentiment will turn soon, but I have my doubts.

To: HAZ who wrote (4211)	11/27/1997 5:18:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24910

HAZ / Canadian Conquest My view continues the same. Company has the properties to be very successful. However, this doesn't mean the shares have reached their lowest price. It has nothing to do with company merit. It's the market itself. Before I become a buyer again, I will wait for some telltale sign that oils as a group have pretty much bottomed out. I would guess this should be noticeable prior to mid-January and still, no great upsurge until mid to late April. I have read several comments of analysts and investors that September thru April provides a good period for buying into oil companies. I disagree. My belief is Mar-Apr-May are the ideal months to invest into the oils. 1996 was an exception and major contributing factor providing contrary price movement was higher crude prices. 1996 was the best year for crude oil prices when looking at the past 10 years. Only prices of 1990 were higher and brought about by the Iraq situation at the time. Just my opinion.