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: Think4Yourself who wrote (56155)	12/6/1999 11:45:00 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Bloomberg Quote was the same exact quote from a month ago... <<OPEC May Boost Output if Prices Stay Above $25, Senior Delegate Tells MEES>> The NASDQ & the DOW move here can accomodate all of the money that anyone on the Street wants to throw on the fire. The Oilpatch can not. Sometimes I think the "street" takes the attititude of - I can make 30%-40% on 20% of my money in the oilpatch; or I can make 15% to 20% on "all" of my money; in choosing where to park their cash. I think the Street is on record here of saying that a Fed Rate Hike, or Crude crossing over $30 are among the only two things nearterm that can put the brakes on this overall market move. We know the Fed can not do anything untill Y2K passes - so that leaves Crude as the only item left to "spindoctor" to grease the rails of the mo-mo crowd. Big Money does not want this move stopped. They can make their year in this run. They do not want $30 crude. They will do whatever it takes to stop $30 crude. The spin doctoring "BS" has started. This Doomberg quote today on an un-named OPEC official is the "EXACT" quote from an article about a month ago - word, for word ! <<``If prices remain above $25 a barrel' in New York ``over a sustained period of time reflecting supply/demand fundamentals and not mere speculation' then ``we will reconsider production levels,' MEES quotes the official as saying.>> This is such blatant spin doctoring that I can not believe some editor at Bloomberg did not pull this blatant "rehash" of an old quote... this is garbage journalism imho. Bottomline; nearterm - we go as the weather & Nat goes - period; only a spike thru $30 for crude can change that. "It's the weather-stupid" For now - that is the story, because Nat Gas is going as the weather goes; and the sector has sold off on the "perceived" weakness of Nat Gas. Doomberg is trying much, much, too hard once again. Cheyrl "dorfmanesque" Straus-Einhorn as well (VBG). They won't be able to keep a lid on it much longer however. That they are trying this hard, is a good omen imho. Coiled spring; but perhaps deadmoney untill post Y2K ?