News would be welcomed; things are now in the doldrums. I believe the entire energy sector is currently undergoing its annual correction.
Part of this correction, however, is compounded this year by the many who have deserted energy, as the $100 oil price they expected did not materialize after Hurricanes Katrina and Rita. In other words, they ran the price up and are now running it down; this has adverse implications on all energy companies.
At the end of next month and into December, I expect a reversal to occur.
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