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: Czechsinthemail who wrote (14485)	3/11/1998 3:12:00 PM
From: A. Fineigler	Read Replies (1) of 95453

Baird, We're about to (in approx. 2 months) enter the summer driving season, when crude and gas prices usually peak, and leave the winter season, when natural gas and heating oil usually peak. So natural gas may be peaking now for 1998. From what I have read, in the spring transition period oil prices are generally, and it is therefore a good time to buy anything that is based on oil prices. Doesn't always work, but I've read that that is the usual annual cycle. AF P.S. If El Nino theory works this year, we'll have a very cold winter 98-99, which will drive up oil and natural gas - and drillers presumably.

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