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


To: ItsAllCyclical who wrote (56686)12/10/1999 3:33:00 PM
From: Now Shes Blonde  Read Replies (1) | Respond to of 95453
 
Crude oil fell 6%, the biggest drop in 2 months....
quote.bloomberg.com



To: ItsAllCyclical who wrote (56686)12/10/1999 3:51:00 PM
From: BigBull  Respond to of 95453
 
JimL, Agreed, but 50 million barrels off the market is still 50 million.

biz.yahoo.com



To: ItsAllCyclical who wrote (56686)12/10/1999 3:54:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
NG rally - up 20 cents from recent lows/Crude is fine here...

We hit our highs in Sept with crude breaking out over $22.I really think a retrace to support of $22 is a good thing; the market is more concerned about where support will be found imho than crude being off from $25-6.

NG is the story here - up 20cents over a couple of days is bullish. A nationwide cold snap - especially hitting the east coast is what we need.

EOG NBL BR - look like gifts here; all have strong bottom support with NBL being a fundamental cfps multiple gift at a 5 year low as well.

Mid caps like XTO OEI PXD UPR while cheap and good plays; still could retrace 25- 50% to come to their prior bottom support levels comparable to where NBL BR EOG allready are. I like the historic bottom support in the 3 amigo's of lg cap NG plays. EOG just had its ugly capitulation as well - looks like a runner thru $20-$22 imho on the first major cold snap; that would be 50% upside and a 2-3 bagger for anyone who may catch it on margin.

GLBL just tics away... OII is a no brainer, FLC - close; just another bad day on the OSX and I start in driller/service co's again.

People need to check out SSB's report on Jack Up drillers here - bullish as can be !!!

One needs to catch the drillers here if you're not in - as I am not presently; close, very close on a few. RIG FLC the closest here for me.

Bought more EOG today - I am going to buy , or sell - adding, or trimming as NG goes - up strongly today and the stocks did not move = buying opp in my way of thinking, I added & nibbled a bit.

O/T Oilbabe; re: red meat ?

yes - and raw (VBG).

I am basically an easy guy to get along with; you may rattle the cage at any time with no recourse, but if you take a cheap shot & poke a sharp stick & catch me in the ankle, or the back and then run ... uhhh uh; that aint going unchecked... I do bite back (VBG).



To: ItsAllCyclical who wrote (56686)12/10/1999 3:57:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
This recent OSX episode again shows that no matter how sure you are about the fundamentals, if the group cannot go up on good news it is headed down.

The day will soon come when everybody starts talking about sub-$20 crude, but the OSX no longer goes down on this kind of speculation.. That will be the time to load up again.