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


To: Think4Yourself who wrote (56449)12/8/1999 1:54:00 PM
From: Brent Hogenson  Respond to of 95453
 
I've had it! This is it! I am margining and buying calls right into this. This is the bottom! How much longer can the market bury the facts? I read something last night that said draw down in the U.S. was 2 million barrels a day. If Iraq's production can tank the market, why can't removing that production for a month give it a boost? The weather will turn sometime in the next month. Looking at todays paper shows the mid U.S. blanketed in cold and that soon will cover the east.

I'm buying EOG calls, APA calls, OEI long, XTO long. I think the producers are the place to be until oil & gas tank or these stock prices rise significantly. What happened to MRO? I already own a huge amount of FLC and a significant amount of RDC, so I doubt I'll buy more drillers.