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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Mike from La. who wrote (39133)3/7/1999 1:35:00 PM
From: Robert H.  Read Replies (1) of 95453
 
RE: OPEC

There will be a pre- and post OPEC run-up. Signs of institutional interest were evident last week. The weak hands and MO-MO took profits on Friday; but will be back again this week, and will hold positions on Friday.

OPEC will hit the shorts with a new 1.5-2 mbpd cut. I expect to see a pullback around mid-April with a stabilization of the market throughout the summer and 16.00 oil by Sept.

Y2K will be the big push for oil in the last Qtr. ....Crystal ball starting to fog up again.
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