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: Mike from La. who wrote (39162)	3/7/1999 11:50:00 PM
From: DavidG	Read Replies (1) of 95453

Mike, IMO No cuts. Iran and Venzuela are all talk and will not agree to making the additional cuts. Even if they did agree to cuts no one will believe it until they show they can conform to previously agreed to cuts. Sarge called the runnup going into March 23rd correctly and I believe the selloff due to no cuts has a very high probability. Currently 100% in cash waiting for a dip in SLB to 50-52 level before I start buying. DavidG

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