Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (30651)	10/12/1998 8:34:00 PM
From: The Ox	Read Replies (3) of 95453

I am increasingly concerned about the global economic situation and how it will directly affect the supply/demand ratio. The number one reason that OSX stocks have tanked is because of the "glut" caused by reduced worldwide demand, most specifically Asian demand. If we are heading toward a global recession, this will also reduce future demand. While I applaud the cuts the producing countries have instituted, I am very concerned about weak demand for oil next year. The way it looks to me at this moment, I have to agree with Teddy that we have further downside to contend with. I don't say this to stir the pot. I purchased UTI recently in the low 6s and sold today at 6 9/16s for a slight profit. My only OS holding at this time is a few shares of MRL. Best of luck gang, Michael

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next