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: Douglas V. Fant who wrote (39551)	3/11/1999 12:32:00 AM
From: The Fix	Read Replies (2) of 95453

Good Evening Douglas. First off the Market expects everything from OPEC. OPEC sets the Price in the end. I don't see a reversal in trend in POG or POO yet. Both are in a downtrend. As Far as oil hitting $18 to $20 this year, I just can't see it. I buy the $14 to $16 range if OPEC gets it's house in order. Asia will come back, but not this year. The Currency curve is way out of whack in Asia. I hope I'm wrong, Commodities need to rebound sooner or latter. Oil will be the Catalyst imho. My feelings are that this moment is not the time. OPEC has promised many things in the past and has seldom come thru. The supply must be decreased some more. My personal belief is that Natural Gas will outperform Oil, Gold, Coffee or Pork Bellies in the coming year. fIXER

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