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: chuck weir who wrote (8793)	1/19/1998 11:24:00 PM
From: Teddy	Read Replies (1) of 95453

RE: "Oil: UBS Securities lowered its 1998 oil price forecast to $17.75 from $19 a barrel, citing near-term "supply/demand imbalance." The brokerage firm also lowered its 1999 forecast to $18.75 a barrel from $19." Awesome Chucky! All of the drillers have stated that as long as oil does not drop below $15 for six months we will be rocking! RE: your comment: "If UBS is correct, that means inflation pressures will abate still further. But it also means that the oil-sector stocks, including the drillers, have some rough patches ahead of them." Wrong! See above. There is nothing to fear.... unless you are short.<g>

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