NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Mar 7 3:00 PM EST

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To: Jay Maitland who wrote (1670)	12/9/1997 3:01:00 PM
From: alchemy	Read Replies (1) of 4736

Hello Jay: Thanks for the article. That should clean things up and simplify things for us. I have seen some articles relating to OPEC plan to increase production. The consensus is that if it happens, the oil stocks will take a hit which seems to be happening to a few that I'm watching. I also just came across a piece on the Individual Investor regarding the oil sector that's bullish for us: "Standard & Poors, predicts that worldwide oil demand will increase 2.5% in 1998. This compares quite favorably to the first half of the 1990s, when growth hovered around 1.5%. Increasing energy needs have heightened the demand for oil and gas exploration activities, which has carried over to firms that assist in the exploration and drilling process. As a result of the increased demand, oil and gas producers are increasing their capital expenditures, which translates into additional revenues for the companies that provide support services." I wonder if the "China Effect" that is supposed to dramatically boost oil demand is kicking in five years sooner than expected? Or is this going to be a tough year for the oil sector? marty

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