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: Archie Meeties who wrote (88909)	3/20/2001 7:57:16 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Archie - re: NG E&P's ... half full, or half empty ? This most recent Calif Black out - rally is yet another exit/profit taking opp that the Pom-Pom crowd will miss yet again - how many opps do you need to take the chips off the table on $30 XTO ? Here's a little reality: APA - $12 APC - $ 9 EOG - $12 LD - $10 NFX - $13 OIL - $30 THX - $ 8 VPI - $ 6 ... those are all huge rollover percentages off the tops & what's worse - is that most have offered more than one opp to exit (or SHORT !) - but alas ~ the pom-pom crowd has to be a hero & try to catch that last little tic & hold out for blue sky valuation multiples on price decks that won't sustain it -because this is a windfall blip that should be slammed into the cash register here - don't take the money & walk away... grab the money & run like hell ~ We've been given every single 1998-cycle collapse "Deja Vu all over again" warning about the risks of a quick, coming rollover given the slowing global economies & when crude oil doesn't react to a 1 M boe OPEC cut - hello ? You want to be greedy here in this BEAR ? Pigs get Fat & Hogs get slaughtered... allways beat the crowd to the party (and we did) - but, NEVER, EVER, EVER be caught hanging around at "last call"... remember those words... All good bears should have lots of Hogs in the 'Frig here allready and have lined their caves with lots of gold & silver...

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