Midland MRIX, MRIXZ Message Board

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Gold/Mining/Energy : Midland MRIX, MRIXZ

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To: Ed Ajootian who wrote (27)	7/3/1997 10:20:00 AM
From: CKramer	of 32

Midland is having a fire sale. We need news. I think the lack of drilling rigs might be holding us up. I have to beleive that if King Faad ever kicks the bucket, oil will go to at least $35 a barrel. Call me crazy, but that is just an echo of Richard Rainwater (the cat that bought all that swamp land in Florida that later became Disney). Now he owns a large position in Mesa Oil. If I had to lay a bet I might pick oil. However, the rest of the market doesn't seem to want to stop. Talk about irrational exuberance. We're up 100 points on the DOW inside of thirty minutes.

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