Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kerm Yerman who wrote (5905)	1/20/1999 10:55:00 PM
From: ted	Read Replies (3) \| Respond to of 24927

Serge/Kerm, You talk like this is a logical market, it doesn't always turn with the weather(too easy) the fact of the mattter IMHO is that oil cos can"t make money at these prices,SOOO something will happen to make prices increase and if youu are on the sidelines you are in danger of missing the boat... If you purchase good mgmnt, low debt, with good land the wheel will turn, I'd be a buyer sooner rather than later..good luck ted

To: Kerm Yerman who wrote (5905)	1/20/1999 11:49:00 PM
From: kingfisher	Respond to of 24927

Kerm, In regards to oil prices,the Saudi's have increased production 66% since 1989 and now produce 9,375,000 barrels a day.They continue to say that no reasonable person would suggest that they have conspired to flood the market to discourage development of oil in Eastern Europe,South America.The evidence is quite clear that Saudi Arabia is suffering greatly for this strategy.They are running an annual deficit of $15billion which in proportion to the size of their economy is equivalent to the United States having an annual deficit of $1.5 trillion!Instead of praying to Allah for a cold North American winter the major Opec nations need to get their act together.This mild spell is a blessing in that the major oil producing nations may give up on getting help from Mother Nature and advance the March Opec meeting for late February. Investors who have the resources to buy oil and gas stocks at these levels will score big gains within a year or two. Richard