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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (3578)7/13/2000 12:05:10 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Heinz, I discussed the issue of oil supply/demand with some one familiar with the industry.

They are restructuring one know name in the oil service business. The supply will come on line but demand is substantially bigger. Most of it to SE Asia were power generation and other energy consumers are far less efficient.

He agreed with me that the balanced oil price should be in the $30 to $35 range and that oil stocks are still priced at $22 to $25 range. This industry is highly leveraged and cashflow should grow substantially.

Yes the DOW then may hit 12,000 but with old economy stocks <GGGGG>

BWDIK
Haim
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