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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who started this subject	6/29/2001 1:31:54 PM
From: JungleInvestor	Read Replies (1) of 206160

Since the drillers are such tempting values (and I can resist anything but temptation) nibbled at some PDE and GLM October 22 1/2 calls this morning. Drillers will continue to benefit from increased Capex spending, which won't change soon. Wouldn't be surprised to see OPEC cut next week. There are tankers looking for oil to transport while Iraq continues to be stubborn. My guess is large oil draws will begin within next two weeks. Historical oil to natural gas ratio is usually 6:1 and it is now 8.4:1. With end of shoulder season near, expect NG to move up rather than oil moving down to reduce this ratio.

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