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: Think4Yourself who wrote (45407)	5/25/1999 12:29:00 PM
From: The Ox	Read Replies (1) of 95453

Thanks K.L., Big oil up nicely, XON, RD, etc. Most of the major OSX issues also rebounding from the early weakness. It's good to see the oil price revisions moving up. I would expect continued weakness in oil futures unless we get a blow out API number. I think we are in the post-OPEC "dead zone" that Big Dog and Slider kept mentioning. I think the natural trend will be down, that is those who purchased during the winter will start to lock in a some profits. As we all know, so much of the perception is based on futures prices that it will be difficult for a rally to start without oil trending upward. I think the next few weeks will give us ample opportunity to find good buys in the patch. JMO, Michael

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