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: Cogito Ergo Sum who wrote (91545)	6/14/2001 3:04:39 PM
From: Frank Pembleton	Read Replies (1) of 95453

buck vs the greenback are making me a believer in dip buying (re: PM's). Buying the dips is getting me into deep doodoo... As of the day before yesterday I hold 23000 shares of Miramar(sigh). I would dearly love to sell the peaks(sigh). I get an upset stomach whether the stock rises or not...(sigh)... For the oils, my dumping of Husky Energy is neither here, nor there, -- the stock price is being sheltered by the weakening US dollar. BTW: I'm lukewarm to O&G, but the drillers are really going to rock. I don't believe that drilling is going to stop at $20 a bbl, and it certainly won't at $25. If we have an extended period of moderate prices I think the majors will make a substantial investment on new and better equipment -- since they are drilling deeper at more remote locations. See my previous posts for the news clippings, if you don't wanna believe me <ggg> Regards Frank P.

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