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: SliderOnTheBlack who wrote (54336)	11/10/1999 8:04:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

We are now seeing some "stats" that support OSX 140+ w/in the next year. ...maybe within 6-9 mos. I absolutely see us hitting OSX 100 prior to year end; may not close there - but, will hit 100. To determine the future - review the past... Go back to the beginning of the Boom of 1997. Review storage levels, commodity prices, company cfps, eps, revenue's, debt levels etc... increases in Cap Ex spending from the majors etc. Fundamentally; the Oilpatch is better poised to be more profitable; and to be more immediately leveraged to the bottomline on this coming "boom cycle" than in 1997. This Bloomberg article discusses just a few underlying fundamentals such as "days of supply" in storage etc. - that will SOON surpass the underlying fundamentals supporting the "spike" rally of 1997. I see "NEW" alltime highs for the OSX index. We could very, very easilly see a doubling of the OSX within the coming year. Go back and look at some of the individual charts on Oilpatch companies... nearly unfathomable. "SPIKE" rally for BOOM 2000 OSX 200 in 2001 ? bloomberg.com quote.bloomberg.com PS: per Unocals Indonesian hits of late.... who is poised for more Indonesian work ? MDR time anyone ? think ahead. quote.bloomberg.com

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