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: Doug who wrote (6293)	4/23/1999 1:42:00 PM
From: kingfisher	Read Replies (2) \| Respond to of 24920

Doug, $19 a barrel a reasonable target to expect.We may see purchasing managers begin to stock up on crude and petroleum products in 3rd and 4th quarters in anticipation of potential YK2 problems.If the logistics of moving oil products get bogged down due to year 2000 issues a stampede could drive oil up to $25 early in 2000.Albeit this would be only temporary as it is not in Opecs best interest to allow oil prices to overshoot.They are probably looking for stability and hence a trading range of $16 to $20 oil for several years. Regards, Richard