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Strategies & Market Trends : Natural Resource Stocks
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To: nspolar who wrote (633)9/23/2003 9:33:55 AM
From: isopatch  Read Replies (1) of 109015
 
ns. If we can keep em from bombing pipelines in Iraq for

awhile, a million plus bbls/day exporting into the global supply pool should have no problem taking us right to 22-23 on that weekly crude chart.

Then, if that complex H&S takes over? It counts lower from there. That's one of a number of reasons I've just been fooling with a couple of special situations in E&P land.

Granted we have to keep an idea on ole Hugo in Venezuela AWA Nigeria. But, do think the balance of risk here is with increases in global supplies of crude oil.

Isopatch
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