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

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To: Archie Meeties who wrote (24191)	6/29/2003 9:11:02 AM
From: quehubo	Read Replies (1) of 206097

In 2001 after several quarters of very high levels of drilling activity, NBR for example rolled over hard in the Spring as NG broke $4.50 or so and went lower. This preceded the decline in activity by a few months. Any time NG spends below $5 should be time to be very cautious. OSX plays will follow indications of future activity levels. Near term futures are less important that than looking into this Winter and next Winters futures. Look at the Spring of 2001 and today. Activity levels still have another 3-4 quarters of increases to bring NBR up to $60. I expect OSX should make the next move up to WFT NBR $55 OSX $110-120 by October. stockcharts.com

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