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: William JH who wrote (60357)	2/15/2000 8:50:00 PM
From: BigBull	Read Replies (1) of 95453

I don't expect these stocks to go up forever. I'll be liquidating all OSX holdings if OSX hits 120 this phase. All I am suggesting is that escalating gasoline prices may be the catalyst to shake off some of that tech money into the patch. I am on record calling for oil to hit 33 and then have hefty pull back to the mid two high twenties. My bet is that 120 OSX will be reached somewhat after the intermediate top in crude has been reached. Like it or not, much higher gasoline prices are baked into the cake. Too late to stop it. Maybe Govt. action will be the catalyst to take crude down for a bit. Maybe SOME SPR releases? I am also on record for saying that oil will ultimately go to the forties. The ultimate OSX top will probably take out the old highs.

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