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: hdrjr who wrote (58880)	1/21/2000 5:33:00 PM
From: SliderOnTheBlack	Read Replies (4) of 95453

The "Anti-OPEC" & "Oil has DOUBLED" Bull$h!^ has started - ie: CNBC Now the cries to stop OPEC and to protect our National interest/Economy are being heard. It's our national heritage to now have a NASDQ that goes up 20% per month, isn't it ?!?! - how dare the market's natural cycle's be allowed to play out on their own ? How dare Crude Oil become the pin to pop this bubble, our bubble, our grandchildrens bubble ? Amazing... Where the hell were these assholes last year at $10 crude when the airlines & transpo's reaped windfall profits due to low energy costs ?!?!? Somehow thousands of Oilfield jobs that were lost weren't important; but the pin that bursts the "Goldilocks Economy" now somehow creates some national emergency ? The Energy Industry ought to do a PR campaign & do a little lobbying in Washington to set the record straight. What duplicity ! All this news is bringing attention to the Oilpatch - that's the good news. I can't wait for the first headline proclaiming $30 Oil ! re: XTO - simply be patient; the street will need to see just two things here for the E&P's to burst out. 1. this qtr's earnings 2. that Nat Gas prices will hold over $2.40 for the balance of the winter heating season, or for them to break through $2.70ish right here. If OPEC still has that March meeting and they "formally" extend cuts - BAMM ! - it's off to the races & speculator's will pop crude solidly thru $30 - then the E&P side will explode. The next 8 weeks are going to be very, very interesting ! FGH pretty interesting today... we will see next week if there is any institutional interest in FGH here; shorts not under any real pressure now, most individual investors allready in, or out of funds. Who are the buyers going to be next week & at what price will they be willing to step up ? I may be a bit high expecting support at $6 1/2 - we may have to re-test $5 ? If so, Sargek will be mainlining Horse Tranquilizers (VBG)... Volatility ! - use it, or it uses you !

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