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


To: Think4Yourself who wrote (55905)12/2/1999 4:35:00 PM
From: Winkman777  Read Replies (1) | Respond to of 95453
 
<what is wrong with the market today?>

What is NOT wrong:
1. Crude up about 80c
2. OPEC compliance up 84% to 90%
3. At least some cold weather coming - keep blowing artic
4. Huge increases in capex by independents.

Normally these would have been OSX and E&P's boosters. But let's face it we are not the prettiest girl at the dance. We've broken a few hearts. We've got some blemishes like BHI, and we don't know how to do the newest dances.

Rotation it was again today, as I called it. Unfortunately got the direction exactly wrong. <g> Hang in there folks. Some day soon we'll be noticed for our value.

Not a good time to sell. Increased capex by majors will be indicated by new rig contracts. The deep drillers are still by favorites here. All JMHO. Winkman