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: BigBull who wrote (47050)	6/29/1999 6:14:00 PM
From: upanddown	Read Replies (2) of 95453

Bull I think better than decent. Gas and dist both made their number but I think the market will focus on the crude number with analysts again far off the mark. One number I liked is the crude excluding PADD 5 of - 2.2M. So PADD 5 went up 1.7M. Big deal. The West coast oil bidness is a marketing world of its own with litle imported crude. Could be one additional supertanker makes the journey from Valdez to the Port of LA based on tanker schedules set months ago. Means nothing. PADD 5 demand and refinery utilization both up. I think we are in the sweet spot here with vacation driving starting in earnest this week and OPEC likely to report solid numbers for June. Market seems to agree with crude/gas/dist up nicely afterhours. John

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