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: ItsAllCyclical who wrote (93984)	8/22/2001 3:57:27 PM
From: Archie Meeties	Read Replies (1) of 95453

Anything above 40 is bearish for the equities. For those of you who missed shorting the xng from 260 to 200, you have a second chance. Your risks are now limited to highly unlikely events such as extreme conditions in the gulf and continued big api draws despite the resumption of Iraqi crude. You can eliminate the much touted idea that demand will come back and it will change the bearish supply data. Any demand that would come back, has already come back - there has been more than an month since the ng/residual oil spread has favored ng. In a previous post I made some guesses based on historic data. Message 16140600 Everything has lined up for the main event; tax loss season is knocking at the door, ng prices are making a trip to $2, short interest in these stocks is mercifully low, and we'll be entering the fall build season shortly. To top it off several contratian indicators starting flashing last week... (you know who you are).

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