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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (56165)12/6/1999 1:35:00 PM
From: Think4Yourself  Read Replies (1) of 95453
 
Yes, it is fascinating to watch the market mentality. What impacts a company bottom line more, a 67 cent rise in oil prices or an EQUIVALENT (4.5*6=) 27 cent drop in NG prices?

It only hurts the NG producers if they produce over 2.5 times as much NG as they do oil on a BOE basis. OEI is taking a big hit but they produce about evenly (42770/6=) 7128 BOE NG vs 7098 BOE oil.

IMHO THE SELLERS HAVE NO COMMON SENSE. Oh well, their loss is my gain.
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