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

To: JoeDi1213 who wrote (49853)	8/25/1999 3:39:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Timing is everything ie: this will be a blessing ! Are those running up the Airlines on this weakness in Oil nuts, or what ??? JoeDi - you are correctamundo. The last thing we needed was a speculative run going into the OPEC meetings. Sept's official announcements should lead to the next leg up... they have to maintain cuts here. This is boring for me - merely sitting at $4 3/4, $4 1/2 for RRC if it gets there... nothing else. Allthough OEI's selloff here on an upgrade is a gift. CRK on a dip to $4 9/16ths or so is a gift... Big Oil expected to blow through Q3 earnings estimates by at least 20% accross the board. Analysts estimates based on much lower than present Crude & Nat Gas prices by the way. We are still poised for tremendous upside surprises in the E&P's for Q3 & Q4 - leading to upgrades & rising price targets imho. A retrace here could be the dessert cart passing by.... dig in while you can....