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

To: BigBull who wrote (60037)	2/9/2000 5:54:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

These oil bigwigs (including OPEC) have got to watch what they say because the media is poised to put the negative spin on it. I get the impression these "journalists" had to fill up their modified tanks with high-test on the way to the office and are not too happy with Big Oil. I love this from the first story.. Nonetheless, O'Reilly said Chevron continues to base its long-term planning on oil closer to $18 a barrel, arguing that prices are bound to fall. Do you really think Dave O was "arguing that prices are bound to fall"? John

To: BigBull who wrote (60037)	2/9/2000 6:11:00 PM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 95453

OSX 72, XOI 400? Just a guess, but in looking at the individual issues within both indexes I'd say we have a good shot at hitting both targets before the OPEC meeting in March. I think the OSX will open down again and hit 78 or so, followed by a bounce back to 83-85, then back down to 72-75 before hitting bottom. I will probably be buying tomorrow if we open down again, but will sell into strength. Small cap E&P's held up pretty good today compared the large caps. Shows who's doing the selling. At this point I'm thinking I could have saved myself quite a bit of time and effort over the last 3 months had I merely looked at the XOI as a proxy for the oil sector's health. Ideally I'd like to see the XOI double bottom before I say it's safe to go back in the water again but I'm sure I'll get impatient far earlier. From a safety standpoint I might even buy some XOI issues before buying OSX and E&P's again. There are few that look real good if they loose just a few more points. Phillips for one is back at March levels again.