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

To: Kerm Yerman who wrote (5199)	6/22/1998 2:38:00 PM
From: AL R	Read Replies (2) \| Respond to of 24898

Kerm, All / Oil Storage Am I heading down the right road here? Reports of late indicate the storage capacity for oil contracts is reaching limits. If there is no place to store the stuff, production will have to be cut. . Price of oil won't rise until storage falls. Forced production cuts will decrease cash flows. Oil companies in big Ka Ka. Even IF prices pick up by mid winter, exploration budgets will still be tight and less need to expand reserves. Drillers in big Ka Ka. Is it time to buy gold? Koments appreciated.. Take Care; Al