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: cnyndwllr who wrote (84638)	1/18/2001 2:23:40 PM
From: jim_p	Read Replies (1) of 95453

ED, The market looks forward be at least 6 months, and in this sector they error on the side of looking out longer. The market also hate uncertainty, and world oil inventories are now back to normal (higher in Europe lower in US). Economic activity is very uncertain with the second largest economy is the world going in the tank, and the US heading south. The big unanswered question is will the US pull down the Asian economies as they did in 1997-8. The fear is what oil prices will do this spring. No one has the answer to that question and we have lots of profits to take in this sector, so guess what, we sold off. If oil is 15.00 this spring and NG is 4.50, service will do well domestically until we catch up in NG (1-1 1/2 years from now). Lower oil prices will help us catch up faster do to conversion. International oil service will not do well with oil below 18-20.00. To add to this mess, the longer the tech's are stable and don't crash, the more cash will start to buy tech's for fear of missing out on the next tech rebound. To much uncertainty for oil to do well. Hope that helps, Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next