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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Post_Patrol who wrote (64370)4/12/2000 9:14:00 AM
From: SliderOnTheBlack  Read Replies (1) of 95453
 
Shell ups Cap Ex spending - surprise, surprise...

quote.bloomberg.com

C'Mon people; don't take the Post Patrol seriously - he's just "torquing" you all...

He's constantly flip-flopped & straddled his bet here of late; saying he was still long such & such; then into the face of yesterday's rally - said he "allready" sold 75% of his shorts/puts etc (had to be at losses)... - he's pulling our collective chains - but, not mine any longer; as I know he's not serious...

Crude Oil futures will go through a period sorting itself out - this is to be expected and any retrace in Oilpatch stocks off of this shakeout in futures is a buying opp - perhaps the last really good one imho.

Earnings from the E&P side will be excellent - as Shell just announced; we will be seeing increased cap ex spending across the board and the driller - service co's are 1-2 qtrs away from showing the type of earnings comparables that the E&P's are now.

Small Caps are really interesting - on this pullback; ie: GLBL's huge move and the 15-20% one day move's we seen of late in some of them.

re: the comments on MM games - I've seen some strange activity on 2-3 stocks of late - more info later if I can confirm something ... maybe a nice 2-3 day trade, or two brewing...
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