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To: ChanceIs who wrote (59611)2/2/2000 3:42:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
I LOVE that the price can be talked down so EASILY by OPEC members. It shows them that prices will drop like a rock if they really do ease cuts, making it less likely that they really will. Meanwhile crude stocks keep dropping slowly but surely, and the domestic EnP's keep on raking in the cash.

Suspect the futures selloff is speculators taking profits because they don't believe the numbers being reported. I know I don't believe them for a second. I would have cashed in on today's euphoria (and probably would have done a little shorting on any weakness). The only reason I didn't sell stock is because I feel my holdings are way undervalued.



To: ChanceIs who wrote (59611)2/2/2000 3:42:00 PM
From: ChanceIs  Respond to of 95453
 
Campaign contributions by energy companies by candidate...

quote.bloomberg.com

Notice how Al Gore (and Bradley) aren't doing very well. How could that be???



To: ChanceIs who wrote (59611)2/2/2000 3:43:00 PM
From: ItsAllCyclical  Respond to of 95453
 
TBI - Low volume works both ways...

Two large blocks went thru around 14 1/2 and it just sat there for a while. I've watched as the MM's have kept moving it up 1/8 to 1/4 of a point from 14 1/2 to 15 1/4 now on 7,000 shares.

I don't think many of the TBI shareholders know that TBI's debt was upgraded today. We should get another follow through rally tomorrow. When I saw the large blocks go through I doubled my position.

Could hit 17+ near term. It's due to breakout. It's been basing in the 11-16 area for 6+ months.

askresearch.com



To: ChanceIs who wrote (59611)2/2/2000 3:44:00 PM
From: Tomas  Read Replies (2) | Respond to of 95453
 
Kuwait Wants Oil Prices to Stay Above $25 This Year
By Sean Evers

Kuwait, Feb. 2 (Bloomberg) -- Kuwait, OPEC's strongest
advocate for extending self-imposed oil output cuts after they
expire next month, wants prices to remain above $25 a barrel for
the remainder of the year, the country's oil minister said.
...
Kuwait's Sheikh Saud Nasser al Sabah said he would like the
``average price in 2000 at the same level' as current prices,
even though the U.S., the world's largest oil consumer, considers
it too high.

The Organization of Petroleum Exporting Countries, whose
revenue soared about 40 percent to $160 billion last year, appears
to have raised its target price for crude oil after achieving its
earlier objective of an $18-$20 range for a barrel of Brent crude.
Gulf Arab oil ministers will meet in Saudi Arabia on Feb. 23 to
discuss output policy ahead of OPEC's summit next month.

OPEC must be careful not to become too greedy and repeat the
mistake it made two years ago, analysts said.
``At current prices OPEC risks losing market share to non-
OPEC producers with higher production costs,' said Mohammed
Abduljabbar, a senior adviser with Washington-based Petroleum
Finance Company. ``Inflation in consuming states could also drive
down demand for oil in the medium-term,' he said.
...

quote.bloomberg.com