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: Teddy who wrote (36501)	2/2/1999 10:00:00 AM
From: Crimson Ghost	Read Replies (2) of 95453

Teddy: If oil prices remain depressed much longer there almost certainly will be some failures among the weaker OS players. OSX up a bit after opening down slightly. Unless the market soon starts to perceive that OPEC will do something in March, I agree with Gary Burton that new OSX lows are virtually certain, But we are heavily oversold now, so a bounce is likely near term. My perception is that most industry observers do not think OPEC will do anything meaningful anytime soon. So if they were to pull a surpise, these stocks could really take off.

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