Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bob A Louie who wrote (3952)	11/29/1997 10:21:00 AM
From: Alias Shrugged	Read Replies (1) of 95453

Bill Thanks for posting this news item. I anticipate this will have a negative (albeit small) impact on the market on Monday. Hard to tell, maybe the current price of oil already discounts the 27.5 mb level. The theme i expect to play out over the next 2-3 months is (a) continued great earnings from this sector, combined with (b) flat/weakening earnings from the general market with numerous downward revisions in earnings - this will place our stocks in a very good light. If the price of oil holds steady, this OPEC thing will be shortly forgotten. Mike

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