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: ItsAllCyclical who wrote (53257)	10/20/1999 1:02:00 AM
From: CpsOmis	Respond to of 95453

<What will be the catalyst for the next move up in the E&P's? Earnings, overall market, sector rotation or an OSX reversal back to 75-80.> Given that market moves are based on perceptions of the future, I think earnings will have an offsetting action to Y2K fears through the end of the year. But if earnings for this quarter are decent and balance sheets are strengthened, and a NG shortage/price squeeze starts to happen early winter, I think the "January effect" prior to upcoming earnings will be a sweet moment. I expect extraordinary volatility through the end of December as positioning takes place. There are so many conflicting voices and facts out there about NG supply tho, I am not sure what to believe. Help me out anybody with a clue about the nuts and bolts of oil/NG here...isnt' NG the first thing drawn out of a new well? Or are there specialized NG wells vs OIL. What I am getting at, is I was under the impression that there is a surge of NG that is drawn off from a fresh well before the oil is drawn out. With that logic, any surge in oil exploration (expected..Boom 2000) will bring with it a temporary bubble of NG supply.