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 (61815)	3/8/2000 3:43:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

pz - if I was "good" - why the hell isn't BSNX movin (VBG) ? BSNX sittin... actually, narrowing bollinger bands, volume selling has disapated and ready to move imho... $3 drop in crude isn't the worry - it's that 290 M boe in storage - OPEC won't cut , or they are idiots - JAKARTA SYNDROME ! - Speculative futures traders could whip saw crude to $20-$22 on 300 M boe fundies - bank on it. I still have the battle scars of the "June Swoon" of 1998 - I have the FEAR of God - of what these assholes can do... I dont think OPEC can cut here... US storage could easily creep to 300 M boe - and were right back to $18 fundamentals... damn - OPEC had better hold strong.

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