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

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To: energyplay who wrote (18606)	2/20/2003 6:33:00 PM
From: quehubo	Read Replies (1) of 206123

Energyplay- I thought you were going heavy cash to avoid a pending melt down . What changed to convince you to start coming back in? The BoA 5 year average to OSX is an important chart. When storage was this this low last cycle OSX was over 120 and heading to 140. Of course activity levels were ramping very hard into the Winter. Now we are exiting the Winter with activity levels just beginning to ramp up. The OSX may be much weaker, but the leaders in the cycle are showing some strength, watch NBR PTEN WFT BJS, when they break through then it will be off to a higher trading range. I pinched some ESV & NE for some change today cutting back off my margin. Lets see what the rig counts say tomorrow, they will be the important driver for stock prices. Lehmans storage report estimating we end the season at 600-650 in storage. I will post it later on Oilviews.

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