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: Nello Filippone who wrote (55596)	11/29/1999 2:43:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

OEI, PXD, FST, NBL, APA etc... Doesn't really matter how much a stock is balanced (oil/gas) in production in the short term - they're all getting sold off based on APA's and the XNG's lead. APA is looking sick here. Looks like it need to revisit the low 30's before heading higher (currently 35, 200 dma around 36). I'm guessing/hoping tomorrow is the final blowoff day and we'll head higher on wend, but not sure. Doesn't really make sense to talk about the bottom in OEI, PXD etc until the sector leaders turn up. For OSX follow SLB, but for the E&P's I'm following APA and the XNG. XNG still making new lows here, but the XOI was also making new lows when it sprinted upward. XOI, OSX, and XNG all testing interesting levels here.

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