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


To: Gary Burton who wrote (57944)1/5/2000 5:38:00 PM
From: jim_p  Respond to of 95453
 
Gary,

OSX opened lower today and rallied after a 50% retrace from it's recent high of 85. Any thoughts on where it goes from here?

Nice to see E & P stocks rally on bad news for both oil and gas today.

I believe we are nearing a bottom soon on both oil and gas. Gas should bottom at $2.05 and oil between $22-23.00.

Jim



To: Gary Burton who wrote (57944)1/5/2000 6:11:00 PM
From: Roebear  Read Replies (1) | Respond to of 95453
 
Gary,
Looks like Marty wasn't the only one:

biz.yahoo.com

"Oil fell sharply on Wednesday amid disappointment over weekly U.S. crude inventory data but
Big Oil shares soared as investors, fearing interest rate hikes, flocked from technology to ''defensive'' sectors."

Best Regards,

Roebear