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 (53593)	10/26/1999 5:18:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Gary, looks like the API will hand you sub $20 oil...The API #'s have always been suspect. Maybe now they're anticipating some OPEC cheating so they're showing it ahead of time (without proof)... Don't worry the above comments are all in fun. I don't believe any of that. Everyone knows the numbers are randomly generated by some old Apple II computer tucked away 2 miles underground running on Fortran. (Now I read crude is down - not up...slight typo there folks) Have cash on sidelines waiting for sub 70 OSX which seems almost inevitable at this point. Glad I pay only $7 a trade or all this repositioning would be expensive. Still about 80% invested - mostly E&P's with DVI being my only exception. Bought today based on the fact that the owners are shopping the company around looking for 2x book. It's currently under book value and these levels have shown solid support in the past.

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