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: marc chatman who wrote (23048)	5/29/1998 1:05:00 PM
From: j g cordes	Read Replies (1) of 95453

What's the XONJO action about? Last time I was here I was puts on HAL at 56, now I'm thinking of going long on some oils for the following reasons. A. the India/Pakistan/Indonesia troubles may cause delivery problems or some worry about that area long range. B. the sector is oversold short and med term occilators C. OPEC will renew its pre meeting up the price pr campaign Fundamentals still favor low prices, but these short term worries ought to bounce an oversold sector. Jim

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