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: Bernie Diamond who wrote (57477)	12/28/1999 4:11:00 PM
From: Crimson Ghost	Read Replies (4) of 95453

Bernie: One of the analysts quoted in that article said he did not think the E&Ps (and by implication the OSX) would really take off until crude comes down and people can see where it settles. That has long been my position. This OSX rally is nice, but I don't think it will carry much further except in the very unlikely event that the oil majors and the Street conclude that $25 crude is here to stay. And OSX still not doing very well compared to crude. I have a modest postion now that I am holding long term, but will not load the ship until crude takes its inevitable hit.

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