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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (39564)	2/10/2000 12:29:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 99985

heinz, Re: oil Some of these oil companies are into my buying range and it looks at the moment that they are going to get cheaper. We are talking pre 1996 prices..go figure!!!!

To: pater tenebrarum who wrote (39564)	2/10/2000 10:25:00 AM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 99985

Re oil, a couple more reasons for the divergence between oil and the XOI: 1) Oil company profits are not what they should be with the oil price so high. Factors contributing to this are hedging, debt, restructuring costs, and also possibly a falling success rate for exploration in North America. 2) Analysts seem convinced OPEC will start overproducing again. I doubt it because the conditions in 98 were special: economic collapse in 3 major oil producers at once - Indonesia, Venezuela, and Russia - which caused them all to break ranks and start dumping. Fun-da-Mental