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

To: Serge Collins who wrote (5315)8/10/1998 12:20:00 PM
From: SofaSpud  Read Replies (2) | Respond to of 24921
 
Serge / Outlook

Sure is easy to get depressed these days, isn't it? Here's another one along the same lines you mentioned:

oil-gasoline.com

What's the aphorism? "Buy at the time of maximum pessimism." When is that, exactly?



To: Serge Collins who wrote (5315)8/10/1998 4:59:00 PM
From: Doug  Respond to of 24921
 
S.C./Oil Price:

My forecast agrees with your findings. There is an excessive Oil glut and it has started feeding on itself. Many of the Oil Companies are now desperately pumping for survival. Because of this, we are caught in a downward spiral which will only end when demand exceeds production.

If IRAQ is allowed full capacity we could test the pre 74 levels.


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