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Strategies & Market Trends : Australian Shares and ADRs

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To: EPS who wrote (39)	5/3/1998 9:56:00 PM
From: Teddy	Read Replies (1) of 96

OT Victor, yeah, i think oil will be going higher. OPEC and friends should be able to get rid of the current over supply and since there won't be another El Nino' next year i would think oil should get back to it normal $18-20 range. i don't really don't follow too many E&Ps, mostly drillers and service stocks: NE, DO, RIG are good deepwater plays that generally react well to higher oil prices. (And they react to lower oil prices too) I like all the major international oils (CHV, XON, MOB.... ) long-term and i think they are relitively safe. UPR and SGY might be of interest to you. UNT is good for a few trades. BSNX is good, but it is a little pricey now. Anyway, i'm really excited about STOSY and bought a few shares Friday. Best wishes.

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