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 (56686)	12/10/1999 3:54:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

NG rally - up 20 cents from recent lows/Crude is fine here... We hit our highs in Sept with crude breaking out over $22.I really think a retrace to support of $22 is a good thing; the market is more concerned about where support will be found imho than crude being off from $25-6. NG is the story here - up 20cents over a couple of days is bullish. A nationwide cold snap - especially hitting the east coast is what we need. EOG NBL BR - look like gifts here; all have strong bottom support with NBL being a fundamental cfps multiple gift at a 5 year low as well. Mid caps like XTO OEI PXD UPR while cheap and good plays; still could retrace 25- 50% to come to their prior bottom support levels comparable to where NBL BR EOG allready are. I like the historic bottom support in the 3 amigo's of lg cap NG plays. EOG just had its ugly capitulation as well - looks like a runner thru $20-$22 imho on the first major cold snap; that would be 50% upside and a 2-3 bagger for anyone who may catch it on margin. GLBL just tics away... OII is a no brainer, FLC - close; just another bad day on the OSX and I start in driller/service co's again. People need to check out SSB's report on Jack Up drillers here - bullish as can be !!! One needs to catch the drillers here if you're not in - as I am not presently; close, very close on a few. RIG FLC the closest here for me. Bought more EOG today - I am going to buy , or sell - adding, or trimming as NG goes - up strongly today and the stocks did not move = buying opp in my way of thinking, I added & nibbled a bit. O/T Oilbabe; re: red meat ? yes - and raw (VBG). I am basically an easy guy to get along with; you may rattle the cage at any time with no recourse, but if you take a cheap shot & poke a sharp stick & catch me in the ankle, or the back and then run ... uhhh uh; that aint going unchecked... I do bite back (VBG).

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