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: Olaf Koch who started this subject	4/4/2001 11:24:19 AM
From: Malcolm Winfield	Read Replies (1) of 95453

JIML, One could argue that when has the OSX rallied just because energy prices were high? The last time we had oil over 30 / bbl. it put pressured the entire sector due to fears of inflation or recession, granted that some of it was the war premium factored in. My bullishness is not hinging on earnings, or energy prices, or SUV purchases, but a combination of these things. Now here we sit with the OPEC basket bouncing around 23 bucks and demand is still strong. Every time we go through a period of deflating the price of oil, we suffer this retraction in OSX stock prices -- been here before too. Is this the end of the boom? I don't think so. The end has come so many times in the past two years that I'm tired of trying to call it. But this time for sure -- right? I'm just focusing on fundamentals and they're all good. Yeah, I didn't mention the "R" word either because although there is a downturn in manufacturing - air travel is at an all time high, large autos are still the rage, and more people are demanding more power daily. Just because electron man is coming to an end on the NAZ (I don't think so) doesn't mean that Hydrocarbon man has to die off too. I just down see us going back to 10 / bbl oil. Good luck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next