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: Grommit who wrote (30382)	10/6/1998 9:33:00 AM
From: articwarrior	Read Replies (1) of 95453

Here is the kicker. Ask yourself one question. Why are all these oil companies gathering and right now. IMO I believe they have gotten all their think tank dudes together and have a projection of upside potential. I also contend that at the present level of output attainment of slow profit growth say between 16 - 17 dollars a barrel should substain the oil sector through the worst of this crisis. History provides us with a diagram to go by. The Asians are about halfway through their crisis and I believe have hit bottom. They are the bellweather for other nations to guage recovery. There has already has been an upturn in activity by industry in Asia. A very cold winter is projected. Get ready for a rally this morning!

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