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: patron_anejo_por_favor who wrote (89415)	3/29/2001 1:34:43 PM
From: Archie Meeties	Read Replies (2) of 95453

It's an opportunity created by uncertainty. That uncertainty is in the market, and it's on this board. Has the cycle run its course? Will weakening economies choke back demand for crude faster than OPEC's resolve. Or does OPEC have resolve? Will gas injections begin to reflect increased drilling and the comparison for 2001 weaken against 2000? If everybody asks these questions, how can there be support for the patch? But if everybody asks these questions and the answers come back "No", then this uncertainty is opportunity. I agree that the life of the current OSX cycle is nearning or past high noon, but I think there is plenty of light left. May 130's are on sale today, going shopping.

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