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: isopatch who wrote (89947)	4/12/2001 2:17:37 PM
From: Archie Meeties	Read Replies (1) of 95453

I disagreed and cont to disagree with you that the patch is rolling over and the ng bubble has burst. I know this is mostly an academic arguement to you, as you're playing these rallys with nice position trades like CRZO, but anything to stir up the SD kettle. -g- As I said before, I think the memories of an Asian contagion and how they took the bottom out of oil (and other commodities) are too fresh on everybodies mind. A repeat of it has cast doubt into the patch (coupled with some nice shakeout shortselling) - but this doubt created opportunity, and I was happy to take a few calls as the OSX broke down. You were looking for $3.98 NG, and in such a situation the patch would tank, but that doesn't seem to be shaping up. My concern is the OPEC gets limp wristed and can't stick to quotas - then we see just how much NG and oil can diverge. Historically, they can't for too long.

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