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


To: Wowzer who wrote (48193)7/20/1999 6:01:00 PM
From: double-plus-good  Read Replies (1) | Respond to of 95453
 
Rory,

looks like i should have let you keep that + 6.0 estimate. My worst case expectation for a big build in oil stocks appears to now be a reality. That Bloomberg article was an ominous sign. Looks like the tape has been successfully painted.

The claims of OPEC cheating are bound to become quite strident and the negative spin will be intense. The best case scenario IMO will be for a sharp correction into the mid 60's where we can all load the boat for the next trip up.

There might be an opportunity to pick up NG related issues on the cheap tomorrow if they get sucked down with the oils. Something to keep an eye out for IMHO.

good luck,

++good