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: Gary Burton who wrote (55087)	11/19/1999 5:28:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Gary, I agree to a certain extent on your take about oil prices vs oil related stocks. However, unlike the OSX, the E&P's by an large have been basing since the end of April early May. That's quite a bit of coiled spring action imho. I think you'll miss the lion share of the gains if you wait till March or June to get into the E&P's in a big way. $25+ oil seemed to be a catalyst imho. Any spike to $30+ will also be a catalyst. Large production increases will be a catalyst. Winter drawdowns will be a catalyst. Another quarter of blowout earnings will be hard to ignore. It doesn't take too many mo-mo guys to get this train rolling...

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