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 (58166)	1/9/2000 3:50:00 PM
From: articwarrior	Read Replies (3) of 95453

"OEI will not be able to sustain an upward move as long as PXD and XTO are trading close to 2x cash flows. " <VBG> JimL, I have to say that your view of this OEI stock is very interesting...Perhaps an update on sector analysis should help wipe the blindfold from your eyes...OEI is a balanced oil and gas play period. The new discovery adds to the overall balanced play that OEI is. Institutional support is dependant on gas and oil swings...Well oil has done remarkable well and Nat Gas is what is anchoring this stock now. But what a lot of investors don't realize is that a major portion of OEI's gas position is hedged. The bottom line quarterly results will be magnificant. If you are a trend analysis type look at OEI on a weekly chart. You will notice the downward trend followed by a basing pattern until these last two months where the break of the downtrend occured. Wish I could post the charts for you I have already posted them on the securitytrader BB if you want to take a look. OEI is just starting off of a huge basing pattern and that has a very large upside weighting to it. OEI is on a breakout pattern that will send it into the 10 dollar range very shortly. The pullback is right to the breakout point in my trend chart showing a symertical triangle. Next week will tell the tale. ALL ABOARD THE OEI EXPRESS long term BOOM 2000 a new way of life.....Time for major rotation and OSX rocket launch.... Arcticwarrior(YES I OWN THIS STOCK AND DO YOUR OWN DD..I'd be foolish not to own this baby!)

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