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

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To: quehubo who wrote (26771)	11/1/2003 8:37:00 AM
From: GREENLAW4-7	Read Replies (1) of 206093

One last point, many here also predicted that DRILLING would enter into a new BULL CYCLE with the surge in NG drilling. That also has never happened as I stated about 9 months ago we are only in a brief bump up in only the NG land drilling for the most part. The evidence has been more then clear that GOM and Deep sea drilling is still in a major slump and probably getting worse. The only area that did very well was SHORT TERM land drilling. I said before I will say again, these are very short term contracts and will not carry the OSX without substantial product shortage for a very long period of time. So here we are even as OIL has had one of its best years ever averageing above 30BBL. Also NG above 4 for a long period of time the DRILLERS are still in MUCK, and what happens now as products really start to replenish???? I made the point that Expensive product RUINS the drillers. I stand by that statement and until we get CRUDE back to 18-25 as a norm and NG back to 2-3 we will not have any sustainable rally in these stocks. Unfortunatley the time has passed when I could have been proven wrong. Yes we will have a cold winter from December-March, but this is not enough. Thoughts are much appreciated

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