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


To: SargeK who wrote (50692)9/9/1999 9:17:00 AM
From: Think4Yourself  Respond to of 95453
 
I agree. Months ago it was obvious HMAR would need bankruptcy protection. That's why I sold back then. Question is, will they ever emerge from it? They may be in too deep to recover, even with the improving fundamentals. If OPEC starts cheating I believe it is all over for HMAR. If OPEC holds the line, it appears to be a tossup. Given the current price of oil, I don't like the odds one bit.

Just my $.02 worth.

EDIT: Per CNBC just now, Morgan Stanley this morning recommends investors overweight the oils, at least through the end of the year. They are the only company I have seen with decent analysts for this industry.



To: SargeK who wrote (50692)9/9/1999 9:29:00 AM
From: articwarrior  Read Replies (1) | Respond to of 95453
 
The Stage is set...The band starts playing...Suddenly your heart starts swaying wishing secretly you were a oil star!
OK STYX does it better!
BOOM....BOOM....BOOM...2000!!!!
Looking at a laggard superstar in my book Triton Energy (OIL) I posted a while back when it was 6 and change and rode it up to 11. Now it seems that the next leg of this monolith is about to start upward again. HUGE reserves of gas, large global exposure, listed in telescans highest upward revised estimates list. After running the numbers I am establishing a morning position. The analysts haven't begun to explore the virtues of Triton Energy. Yeah I know I will get clawed here on the open but I believe it won't see this level of pricing again.
Good Trading
Artic