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: gmccon who wrote (31195)	10/27/1998 5:36:00 PM
From: Jamey	Read Replies (1) of 95453

You can thank CNBC for the hit to the Oils this afternoon. They did a special interview with one of their guys,(I think they said his name was Ken, at the NYSE and he did a number on the Oil Ser. sector. Said the double bottom was responsible for the 40% rise since Aug. but there was no good fundamenral reasons for anyone to be in the patch until the year 2000 because the oil was not going to break the $14-17 dollar trading range. One of you cub reporters might fill in the details if you were watching but it was quite an effort to sabotage the Oil Ser. Cos., IMO. Santiago

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