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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (41506)4/2/1999 12:25:00 PM
From: Douglas V. Fant  Read Replies (1) of 95453
 
Geirge, We are short-term probably a little overbought. One of my favorites WFT ran about 50-60%- that's a huge move in such a short time. Don't be surprised if we give a healthy chunk back. OTOH, the uptrend appears to be in place.(BTW-Anyone listen to Spear's interview on Audioinvestor.com? Now you know why I like companies that are into compression services...).

Also as to OPEC compliance, I'd like to be a dissenter and say that OPEC with the exception of 1983 and at the Gulf War outbreak has generally done a good job with quota complaince.

And with Asian economies accelerating and demand picking up, I'm not sure that it will matter in about 12 months anyway....
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