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: diana g who wrote (42575)	4/19/1999 8:12:00 AM
From: Crimson Ghost	Read Replies (3) of 95453

Diana: Oil stocks strong in Europe this morning. A good omen for the OSX. You and I agree only that OPEC does not want crude going too high near term. But I disagree strongly with your OSX outlook. Crude at $18 or crude at $21 will make a big difference for the OSX price -- perhaps even more than my 25% estimate. And this OSX bull has considerably further to go even if brent goes no higher than $18. This OSX bull is only 6 weeks old and real bulls last many months or years as the action of myriad other sectors in the stock market suggests. I see OSX going to at least 85 by summer (with the ususal consolidations and corrections) and quite possibly to 100+ if OPEC is indeed seeking $21 brent and the Asian rebound continues.

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