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: ChanceIs who wrote (59611)	2/2/2000 3:42:00 PM
From: Think4Yourself	Read Replies (1) of 95453

I LOVE that the price can be talked down so EASILY by OPEC members. It shows them that prices will drop like a rock if they really do ease cuts, making it less likely that they really will. Meanwhile crude stocks keep dropping slowly but surely, and the domestic EnP's keep on raking in the cash. Suspect the futures selloff is speculators taking profits because they don't believe the numbers being reported. I know I don't believe them for a second. I would have cashed in on today's euphoria (and probably would have done a little shorting on any weakness). The only reason I didn't sell stock is because I feel my holdings are way undervalued.

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