Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Think4Yourself who wrote (71466)	8/23/2000 11:11:33 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

<< I don't think the Sept OPEC meeting is a barrier anymore>> "Q" - I'd disagree. I think it's just not a barrier, I think it's the nearterm "WALL" and a big one. It's the "gateway" to $40 crude - which will create a literal political crisis right into the Presidential election. It will also, crash the markets - and ultimately; as virtually every other single "oil crisis" has done - send the US economy into a recession. Politically - it can't be allowed to happen. They've got to start right now as crude's up today to $32ish ! - $40 crude is very, very close.... But, the "Wild Card" is that Saddam now holds the ability to throw the US Political landscape & Economy into a total panic - if he shuts off Iraq's supply.... what a dangerous inflection point for the World's Economies here.... Regardless - it's setting up my Gold play just fine... just keep those "STOPS" - tight & trailing up right behind this move - it's just that simple. Got FGH ? ...(damn, never thought I'd say that again) - but, ya gotta know when to hold 'em, when to fold 'em - when to walk away & when to buy 'em back... PSS - LSO is another great E&P laggard play - Euro Oils are a nice niche here.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next