Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (35489)	1/20/1999 8:56:00 PM
From: Broken_Clock	of 95453

Slider, I don't question the long term view that we are headed for much, much higher oil prices and demand that far exceeds that of today. Noesis hasn't changed his outlook that much, IMHO. He remains the only analyst who called sub $10 oil for this winter and it happened(he made that call a year ago!). he also called for a recovery in late 99 early 2000. I do agree that buying now(not on margin) the best companies and either trading or selling calls is an excellent strategy. RIG counnt is still dropping along with rates, ESV lost a handful oh barge contracts today from Venezuela.... I don't think we've seen the bottom for rig rates or rig count yet. Personally, I would like to see oil hold above 13, rates stabilize and the rig count start to climb. Then i would load up for the long term agin.

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