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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Teddy who wrote (17251)3/31/1998 12:32:00 AM
From: pz  Read Replies (1) of 95453
 
Teddy,

I just don't quite understand all the doom and gloom here. OPEC and others decided to cut production not increase production. We all knew that a lot of these oil service companies left gaps here recently and that it was very likely that those gaps would be filled, as will probably be the case. I personally am going to look at this pull back if it comes as a buying opportunity. How many here feel that oil prices will be lower than they are right now 6 months or a year from now? This is not likely. The summer driving season is just starting and this is when oil prices traditionally rise.

Anyway I just don't get all the doom and gloom, but hey it's your money. gggg

Paul
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