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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (67997)9/21/1999 7:14:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 132070
 
"But if we raise rates, ...
oil could be in deep kimshee."

Mike, what is kimshee? -g- anyways what's the price of oil to do
with rates. I can hardly believe 1/4 pt rate increase would do much to slow economy, less likely slow significantly US oil consumption.
OTOH falling dollar + steady oil price lowers the dollar cost for coutries not pegged to the dollar so may boost in those places?
Hmm ... I thought oil/oil stocks would act as hedge against falling
dollar - at $24/bbl maybe the rise from $20 has been currency related.

Greg



To: Knighty Tin who wrote (67997)9/21/1999 7:43:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 132070
 
MB, >>BR is certainly one of the asset-rich firms.

Given your expectations with interest rates at what price would you start nibbling at BR and UCL?

I took all my profits in oil fortunately close to the top except I have a small position in CHV at the moment.

TIA, Joan


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