Anadarko Petroleum Cp Message Board

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Gold/Mining/Energy : Anadarko Petroleum Cp

APC 72.77

+0.8%

Aug 8 5:00 PM EST

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To: The Ox who wrote (10)	4/5/1999 10:59:00 PM
From: The Ox	Read Replies (2) of 129

APC and Auspex Computer systems: go2net.newsalert.com 60 minute chart: iqc.com 15 minute chart: iqc.com We've seen quite a run in APC over the last 6 weeks. The OPEC euphoria should subside soon. How long will $17 oil last? While I am long term bullish on the sector and this company, for some reason I keep expecting the bottom to drop out in oil prices. I keep thinking the 2 year bear market in oil won't go away so easily. I keep expecting the futures market to do an about face. At the beginning of the year, I was expecting $16 to $17 oil by the 4th quarter. It's there today and that still has me in a bit of shock, therefore I have my bullishness tempered. The longer oil stays at the current level or above, the more attractive APC gets in my opinion. My thoughts keep shifting back to the fact that oil prices have moved roughly 60% since December. Are we at the end of the wave up? Should we expect a significant correction soon? My gut answers yes to these questions but I am concerned that the oil bear has clouded my judgement. Michael APC close: 38 1/8

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