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Strategies & Market Trends : Strictly: Drilling II
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To: Davy Crockett who wrote (2551)10/8/2001 4:20:51 PM
From: lh56  Read Replies (1) of 36161
 
that's interesting. reading the column, i had this 'between the lines' feeling that he had a higher number in mind but was reluctant to express it.

i bought back into hgmcy this morning under $6. really hasn't moved much, probably tuckered out after last fri. action.

i saw this interview, also on friday, of oil analyst Fadel Gheit of Fahnestock, whose expert opinion was that the major middle eastern opec members have internal economic problems if prices get much below $20. so, they're inclined to hold the line more because of internal pressures than pressure from the west.

of course, the screw's been turned a little more since friday.

cheers,
larry
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