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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (8680)	9/11/1998 10:53:00 PM
From: LTK007	Read Replies (1) of 29382

Well Joe I just read a post on another thread that the recent slight upturning in crude prices is caused by a temporary lowering in inventory that will be short lived--that and your mention of Journal article(do you mean WSJ,as I get that on-line--will seek it out)--- at this point it still appears that short a disruption in supply lines due to political events or a very severe winter,we still have real uncertainty regards the price of crude and thus whether these stocks are not once again just making a brief rally to have another pullback--do you know of a source that keeps tabs on inventory levels versus on sea supply coming---I know one of the false rallies was people weren't aware there was a major over supply on the sea coming in-- like every one we want to catch a ride on a real and lasting rally but as you point out it isn't an easy call at all---several people on the strictly drilling thread are still cautioning to play bounces for trading and othewise be careful. I am getting a figure mentioned that 19 is the price that crude needs before all is well. If they get into cash problems & downgrades I suppose we might be seeing historic lows---will just have to keep researching and try to find an answer. Thanks for info about possible financial squeeze increasing hurt on these companies---i do know that Diamond Offshore is liked by a lot of people for the simple reason they are one of a very few loaded with cash.----we still have this problem,it appears that the oil countries can't restrain themselves from cheating,and going over quota--- my question Joe as I am new to this,what drove the price of crude up from roughly Oct.96 to Oct.97??Good Luck,Max

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