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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (38124)2/24/1999 12:53:00 PM
From: The Ox  Read Replies (1) of 95453
 
First, I apologize for bringing up your name calling. There really wasn't any reason to go there and I will attempt not to do so in the future.

Second, No fixation on you, just attempting to put forth my views whether you like them or not. The main reason I question your posts and your position is for discussion.

Third, With respect to "over-emotionalism", I respectfully submit that your posts are about as emotional as anyone gets on this thread. I hope the both of us can leave the emotion out while we discuss this sector. Deal?

Your comments: Nowhere; have I based my premise on a ''CRISIS'' or, prices comparable to the Oil Embargo ... I merely think that we are simply oversold due to traditional market sentiment turning overly bearish in light of historic ''NORMS''. My premise is that the street is discounting the timetable to where fundamentals of supply/demand will return to equilibrium supporting merely NORMAL Oil prices; and that as such' we are clearly fundamentaly undervalued here - nothing more - nothing less than that !

So, you think we are simply oversold. OK. Now I get it. Somehow I've missed that point from your past posts. My position is that we are not oversold due to the current oil industry conditions. We are most likely headed lower unless OPEC can coordinate themselves and the non-OPEC producing countries into a cohesive unit with unified goals. I suggest you read that last sentence again. The only time we have seen OPEC work in unity over the last few years is when they were increasing production so I have little faith that they will be the solution to the current glut.

Good luck with your investments,
Michael
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