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

To: SliderOnTheBlack who wrote (56088)	12/5/1999 12:56:00 PM
From: SargeK	Respond to of 95453

The Bottom Line Slider: "It's the bottomline - stupid" or more appropriately: the "Perception of the 'Future' Bottom Line", stupid. >g< Sarge

To: SliderOnTheBlack who wrote (56088)	12/5/1999 1:03:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

OPEC to move March meeting back to April, or May 2000 - great news ! <<Meanwhile, Venezuelan Foreign Minister Jose Rangel said Friday that OPEC's heads of state summit will "probably" be held in April or May next year. The summit was originally set for the end of March, but a series of other summits led to a postponement.>> dowjones.wsj.com This meeting change along with the current strong compliance; obviously endorses the fact that OPEC will maintain present cuts through the next meeting; which has now been moved back to April, or May, from March. ...strongly bullish news imho.

To: SliderOnTheBlack who wrote (56088)	12/5/1999 3:05:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Slide-o-Rama, I beg to refine. In casting off the battle cry 'It's The Oil Price Stupid' you are mixing oil and water. It will ALWAYS be the price of oil in the longer run. In ODB today I write that the stock market serves as a filter to keep market fundamentals from directly and instantly impacting stock prices. Today, the filter is skewed in a time warp. Stock prices WILL catch up with the price of oil if the price of oil is 'sustained' - as I think it will be. Short term, you are right. Stock prices are not joined at the lip with oil prices. The mantra never said that was the case. For a short time, and on the initial oil price rise, they will move together. But now there is not such a direct correlation. But is is ALWAYS the price of oil that will be an overwhleming factor that determines the health of the oil service industry. I agree with you that current conditions are a good opportunity for us dumb little guys to, as written in last week's ODB, 'open up a can of whoop ass' on the big boys and beat them to the party. I'll leave it to you to tell us what factors move the sector in the short term these days. In the long run though...It's The Price of Oil Stupid! big atoffshore.com