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: William L. Oppenheim who wrote (27258)	8/6/1998 11:11:00 PM
From: Bernie Diamond	Read Replies (1) of 95453

Interesting that Venezuela to cut 15% oil output, is shutting down 59% (74/125 rigs) of its drilling rigs. They obviously have more than one agenda in making these cuts. Been slowly adding to my long positions. Picked up more NE today, but my PKD didn't fill. I'm going to be around for the long (profitable) haul. Fundamentals will prevail in the end! Many thanks to the excellent analysis by so many knowledgeable posters! Bernie

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