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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SargeK who wrote (33251)3/8/1999 8:44:00 AM
From: SargeK  Read Replies (3) of 95453
 
U.S. Fleet "OSX2000" is about to Sail

After a 1 ½ years in drydock the fleet has been overhauled, trimmed down and refurbished with state of the art technology (upgrade and retrofit). It did a test run last Wed and Thur, paused for a breather (modest profit taking) on Friday to make final adjustments and is ready for sea. The smaller ships the "U.S. FGI", "U.S. GIFI" and "U.S. UFAB" will be the leaders of the pack (on a % basis) having survived the Hurricane leaner, meaner and stronger than ever before. With little debt, solid backlogs and small "float", these ships will be dispatched to reconnoiter the perils ahead.

The "RALLY" will resume today and trend upward for the foreseeable future. New (short term) support will be established in the mid 50s but will be seldom visited. We are headed for OSX 60+ by the end of this month. A minimum of 1mbpd cut by the exporters will lead to a further jump to 70 or 80 in 100 days following the "Meeting".

I strongly believe those waiting for a revisit to OSX 40s will be disappointed and lose out on 20% to 30% of initial potential profits. I will be down to 10% cash by the end of the day.

The genie is out of the bottle folks and it will not be stuffed back in.

Good luck to all

SargeK
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