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: Razorbak who wrote (87376)	2/16/2001 12:12:35 PM
From: isopatch	Read Replies (1) of 95453

Thx for posting Pickering chat, Razor. NG price assumptions Simon's & Co. are using certainly support the contrarian stance a very small number of us here have consistently pushed on this thread since early January, as we new discover?(ggg) "Simmons is using...$4.30 per mcf for gas. We are probably a bit above consensus....". Looks like the perma bulls here now have Simmons defecting from the fully invested, max margin and ride the NG E&Ps to the sky mentality. No doubt they will be taking their stock away from them near the bottom when they're smothered under a mountain of margin calls(g). But when I think about it? Also owe a perfunctory much obliged to the perma bulls. Where would we be without losers who consistently buy from us near major tops and sell back to us near major bottoms after the market literally forces them out of their positions?! The names and faces may change from cycle to cycle. But the game is always the same. The smart, experienced money always wins. Isopatch

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