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

To: Kerm Yerman who wrote (4866)3/24/1998 9:59:00 PM
From: Doug  Read Replies (1) | Respond to of 24921
 
Kerm/ Downside Risk
Many thanks for your valued comments. I will agree the worst is behind us. By June,I expect WTI crude to hit the $17 level in time to catch the holiday season. My only concern now is to determine a strategy. Dollar cost averaging may not be the answer for a violent up today,down tomorrow type market. A buy on the dips and sell on the news may be more rewarding but I am not sure.

Would appreciate your comments regarding a trading strategy for this whip saw oil market. Currently holding a mixed bag NEN,PCP,TLM,CNQ,AEC and AXL. Incidentally you were right about PCP which we discussed earlier. Its been trailing the pack.



To: Kerm Yerman who wrote (4866)4/2/1998 12:14:00 PM
From: bill  Respond to of 24921
 
Kerm, I see you posted the press release from WT. I bought shares
in this stock a long way back. They seem to be getting everyting
right. However, I don't understand the fundamentals of oil
production (I usually trade mining stocks).If they find the reserves
that they claim exist what are the implications for the share price?


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