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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (48777)	11/21/2012 7:11:30 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70282

Thoughts on the oil sector. sprott.com [Johnny: I am actually not a bullish as he is as potential weakening demand from China and India may keep oil prices low and a lot of mid-cap and small-cap oil stock become less viable at oil prices below $70. Companies that need to go back to the market in the next year should trade at a discount as there is a risk they will not be able to raise further capital to continue their drill programs. Companies that can fund drilling from cashflow and still remain profitable will trade at a premium relative to the their peers in the group. I like the dividends, but the debt or perferred might be more safer as they can't cut the payout only delay it and debt on the small to mid-cap trade yields close to 10%.]