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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (47484)	7/7/1999 5:36:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

API #'s (Estimate vs Actual) - Based on pure guessing you could get it right more. I'm glad they're using research and not dice. Gives me a chance to buy the dips.

To: Think4Yourself who wrote (47484)	7/7/1999 11:53:00 PM
From: BigBull	Respond to of 95453

K.L. The last time I looked, gas was trading @ 60 cents. A while back, sometime just after the new OPEC cuts were announced the board had a lively discussion about when the OPEC + Domestic production cuts + pickup in Asia demand would start to be felt in the API stats. I thought this would start to take place in early June. Then those bad API numbers came out and I was totally perplexed. They just didn't seem to make sense. I was beginning to think the "missing barrels" were beginning to crawl out from under their rocks! <g> Now with the April OECD numbers and three solid API draws it appears that what many predicted on the board way back in the winter is coming to pass. If we continue to get 2 mill barrel draws (this may be conservative) then we hit Sliders magic 320 number in only a month! Would not that then put a fairly solid floor under the POOS around 20 bucks? The ceiling prices would then start to look "Wollenchuckian"! <g>