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: ItsAllCyclical who wrote (55279)	11/23/1999 11:18:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

JimL; OEI's 3 million share block - was a BUY ! + 5/16ths uptick Wednesday November 17, 2:34 pm Eastern Time Alert: BLOCK TRADE - Ocean Energy 3,133,300 at 9 (NYSE:OEI) up 5/16, crossed by Howard Weil The "nose knows" ... someone has their finger on the trigger once again. Amazing that their is an obvious large seller here; why don't they just "cross a block" ? The $7's did not last long now did they ? I got filled at $8 3/16ths - then a double order at $7 15/16ths - sitting for a piece at $7 1/2 and the motherlode at $7. GaryB - remember the $5 to $7 play earlier this year on OEI - when we were in the throws of $14 crude ? Am I delerious, imagining things, missing something; or am I right ? - that this is nearly insane. OEI does not need all the uncontrollabel factors that the driller, or service companies need to "print money" here.... They do not need anyone to increase their cap ex spending, or to bid up dayrates, or to place a new order; In essence, they control their own destiny - even get to hedge production... IMHO; The balance has swung back to the E&P's from the driller-service stocks in a big, big way here ...

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