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

To: SofaSpud who wrote (5631)	12/2/1998 12:00:00 PM
From: Friend	Read Replies (1) \| Respond to of 24925

All/ Drop in stock prices I can understand why oil stocks are falling given the drop in crude oil prices and the reduced outlook for a quick recovery in price, but why are the gas weighted companies falling just as fast? Case in point AXL. I thought the outlook for gas was/is rosy??!

To: SofaSpud who wrote (5631)	12/2/1998 3:39:00 PM
From: Doug	Read Replies (1) \| Respond to of 24925

David: Last time around, S.America was not as desperate as today. Also the Reserves were totally underestimated. This time the situation is different for the following reasons. a: The world's production is only at 85% capacity. Iraq,Russia and Indonesia are no where near max. b: Reserves are large. c: Technology to find new Oil/Gas has become so cheap and improved that every Country is discovering some. d: The Energy Conservation program has slowed the Consumption of Oil. e: The forecasted boom in China and India has slowed to a crawl. The age of one family one car is now eons away. No two markets are alike. I hope this helps. Good luck.!