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: The Ox who wrote (80923)	12/6/2000 8:45:42 PM
From: excardog	Read Replies (2) of 95453

Michael Gouging? My opinion is that as jimp stated most production is sold at the begining of the month by the companies that produce. ROYL sold 70% at $14 and change for the month of December which looked pretty bright at the time. Now with spot prices in the $30 range it doesn't. Who is profiting then? Speculators? Enron which may have purchased the production? Who knows, or at least I don't. I've come to the conclusion that any hedging is a losing proposition for the producer. Let the laws of supply and demand dictate your pricing and go ahead from there. Scott ps: Look for talk of price controls soon if market doesn't settle down soon. Should this occur I would expect these stocks to tank. IMO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next