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: Think4Yourself who wrote (50797)	9/10/1999 1:30:00 AM
From: Douglas V. Fant	Read Replies (2) of 95453

JohnQPublic-They Missed Another Big Story! First, I agree on gas demand. I stick with my prediction of sustained NG prices this winter of $5.00/mcf; then they will tail off again in the Spring... BUT THE BIG STORY IS.....CRUDE PRICES! Gang! Today we closed at $23.25/bbl for wti intermediate. Not one news wire tonight has picked up the significance! Well on Sept 23, 1997 at the peak of the last pricing cycle for crude oil, crude oil closed at $23.15/bbl for wti intermediate... Yes! that is correct! We have an upside breakout in crude prices today, having now broken out of its last three and one-half year trading pattern. Hold your energy stocks...

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