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 (47329)7/3/1999 10:28:00 PM
From: BigBull  Read Replies (1) of 95453
 
Slider, there is an alternative scenario that may take us to OSX 90.

US Oil stocks begin a serious trip down to 320 over the next few weeks, plus a major or supermajor announces big changes in capex program, whether it's using Dougs redline money or reworking the main budget, or both.

In one of Big Dogs recent issues of ODB he mentioned that he felt that some of these guys (majors) are just "itching" to expand their budgets, who knows, maybe one of them will decide to "scratch". <g>

If we get another 5 million barrel draw, that may wake some of the majors up.

Otherwise, agreed - it's the Dead Zone for OS but Green City for E&P's. Am looking to add E&P's soon, you know, the ones that haven't had major runs. As far as I'm concerned APA is long gone. Time to look at Canadian micro E&P's?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext