SI
SI
discoversearch

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 : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BigBull who wrote (46110)6/8/1999 8:12:00 PM
From: Rustee  Read Replies (2) of 95453
 
Accurate post from the oil/gas AOL Board - Regards, R Subject: mkt Date: Mon, Jun 7, 1999 2:50 PM From: Empire7 Message-id: <19990607185005.01109.00002110@ng-cb1.aol.com> some feel that we will get good api numbers tomorrow night because of opecs cuts. this is not the case, as of yet. the poor refining margins have backed out enough crude that it is going to take more than a couple of weeks to see "significant" draws hit the mkt. what is truely important is that we have put in a cycle low of the crude futures and gasoline inventories should start the seasonal drawdown by june 14th. consider the fact that we typically draw over 20 million barrels from the june peek until the oct/nov bottom for gas inventories. throw in some 9mbpd numbers and the days supply will be alarmingly low come september. i might add that i reversed the balalance of my position to a net long while remaining short puts. i also purchased the june $18 call, sold the $20 call, and sold the $17 put, collecting $.12 on the equity side, i have been accumulating DO over the past week. i would say my average is somewhere around $27. todays highest purchase was 28 3/16 due to a sleeping broker. see you at $21 in july, e
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News