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: SliderOnTheBlack who wrote (58001)	1/6/2000 12:34:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

This E&P breakout - even APA is on low volume ? short covering ? Either short covering, or just the beginning of rotation; because this volume is normal ?!?! - think of the upside we've got left if we start seeing some REAL volume ?!?!?! We could see a 10%+ sector move today if we saw 50% above normal volumes on these breakout players... very curious to see how many buy on close orders in the fav's we see today. Nat gas behaving nicely intra-day - knocking on the door to $2.20 - which is supportive of 5 year highs with $22 Oil folks - if it held all year; amazing that we see $2.20 Nat Gas as bad news when our E&P's only realized $1.60-$1.80 for the first 9 mos this year for the most part. Now many are hedged from $2.50-$3.00 and getting $2.20 for the non hedged production & still have $22+ Oil - and are trading at near capitulation prices - go figure ? o/t postal; fwiw - You is one hard fellow to follow... this is not an insult; but SYBIL has nothing on your mood -personality swings - I do enjoy the present variation a bit better fwiw - let's all make some money...

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