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: The Ox who wrote (50109)	8/31/1999 10:27:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Michael; for you conservative - lg cap guys - MRO & OEI are my choices... They just look cheaper than APA - allthough APA & APC are good solid calls... PS - no one had better be mentioning that co in Canada either... maybe DVN is a better choice if you want Canadian exposure ! Also; per the earlier comments on OPEC's thinking here. I would not be surprise to see Brent average $21 for the 12 mo period of March 1999 to March 2000 - when OPEC's present cuts may end.... and a ''temporary'' bubble in Brent to the high $20's is something I think has better than a 60:40 chance of happening... before the end of winter. OPEC will raise production in response to a ''bubble'' this winter - they will have to; to retain market share. In March - May; we will see how the market reacts; and to where they allow crude prices to settle in a - in response to OPEC's production increases... this will be when the Oil Majors ramp Cap Ex spending imho - not untill.

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