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: upanddown who wrote (87133)	2/13/2001 9:00:19 PM
From: sportsman	Read Replies (1) of 95453

John, The strength in oil makes no sense to me either. The oil price should be tanking for the reasons you stated. Only OPEC has the ability to support the price of oil and never before that I can remember has the market trusted OPEC. I recently sold KEG, OEI, and OIL and only hold CRK, TLM. I will probably sell CRK tomorrow right before earnings are released. I have had a tremendous run in energy after loading up in early 1999 and late 1998. I am beginning to purchase selected tech stocks and believe that the opportunities in tech are getting very close to the opportunities that existed in energy in early 1999. I will continue to hold a few Canadian royalty trusts in the energy sector. Sportsman

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