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: Lorne Larson who wrote (6032)	2/14/1999 11:18:00 AM
From: AL R	Respond to of 24898

Lorne Another consideration is how much new exploration is taking place? My sense is that most of the drilling is taking place on known or close to know fields. Without new exploration, reserves will shrink. It appears to me that for the most part companies are trying to keep their head above water by the safest means possible. Drill for gas in the lowest risk, least expensive areas possible. Buy it rather than drill if possible. Just about everyone wants to be 60% natural gas. I don't follow the US industry that close. Someone can correct me but it seems there are a lot of small, low profit Ma and Pop operations that have been pretty much taken out lately. Al