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: RGinPG who wrote (9149)	1/22/1998 7:59:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 95453

Ron, I get "bad url" from texas net when I click on your link. At any rate, oil did drop a bit yesterday, and the WSJ mentioned some report which showed higher oil supplies for one of the first weeks of Jan. Sorry to be so vague but I read the story last night. Then Saudia Arabia and Venezuela are blaming each other for over-production, causing the oil prices to fall. They seem "worried", but evidently not worried enough yet to cut production. Doesn't make much sense. But I guess nobody producing oil in the world wants to lose market share. At any rate, these stocks are overbought according to the TA I use, so I bought puts on a few of these cos. yesterday (Jan 21st). I looking for a 5 day max hold before I sell them. DK

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