Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BigBull who wrote (48625)	7/30/1999 9:20:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

< wage stats published yesterday FREAKED a lot of people out.> Right on Bull.... this is B I G news. Imo, the price of Crude alone wasn't going to take us substantially higher any time soon. But, this might.... let's hope the ''fear'' remains in the market and that we see the rotation continue. There were more than a few comments in the media yesterday singling out Energy as "THE" place to be... BULL; one caveat on Cap Ex spending... I think you will be right on a ramp of production spending; but I think it will be in from the Independants here in Q3-4 for drilling and not from the Oil Majors untill Q1-2 2000.The entire story will be how will the Street react ? - how soon will they run the stocks up in advance of the actual realization to the bottom line from any increase in cap ex spending ? - and how far out will they be willing to look for expected results... ?