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: Tomas who wrote (56027)	12/4/1999 10:46:00 AM
From: Crimson Ghost	Read Replies (2) of 95453

Any way you slice the reason for the undeperformance of the OSX and E&PS versus crude boils down to the simple issue of sustainability. Rightly or wrongly, Wall Street and the oil industry itself simply do not believe $25+ (or even $20+) crude is sustainable longer-term. The recent drop in natural gas prices has undoubtedly reinforced this belief. The OSX is not likely to mount a sustainable rally until this feeling changes. But when it does, even the biggest bulls may be surprised by the power of the melt-up that will follow.

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