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: Winkman777 who wrote (71389)	8/22/2000 4:52:03 PM
From: ItsAllCyclical	Read Replies (2) of 95453

Winkman, your bullishness has me scared... >> a continuing bullish trend that has years to go.<< Mostly agree, but beyond 12-months it's very hard to say (at least in terms of investing). > Furthermore IMHO we may never see $20 WTI again. << We'll definately see $20 oil again. Maybe within 2 years, maybe within 5 or 10, but at some point OPEC and the rest of the world will have spare capacity again or there may be a world recession. Many OPEC members would LOVE to cheat, but they can't. That and the NG situation is really what set's this oil rally apart from others. I won't consider leaving until we start seeing 20% gains in various OSX issues as people panic buy these issues. We haven't see the peak yet.

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