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


To: BigBull who wrote (60067)2/10/2000 9:38:00 AM
From: BigBull  Respond to of 95453
 
More Bohai Bay discovery info. This time KMG.

biz.yahoo.com



To: BigBull who wrote (60067)2/10/2000 9:53:00 AM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
AMAZING! Producers had a great quarter, followed by a record quarter, and are on track for another (much better) record quarter. OPEC has signalled they want prices to stay around historically (very) high levels for Oil. NG figures indicate it is in short supply. NG Demand is in the process of skyrocketing due to the combination of environmental agreements/ruling and deregulation in the power generation industry. Oil stocks are at lows not seen in over 20 years. Gasoline stocks don't appear as though they will be sufficient for this summer's driving season. Heating oil stocks are at dangerously low levels.

All this and folks are having difficulty deciding whether to buy or sell at ridiculously low valuations? If I wasn't seeing it happen before my own eyes I wouldn't believe it. AMAZING!



To: BigBull who wrote (60067)2/10/2000 10:20:00 AM
From: William JH  Read Replies (2) | Respond to of 95453
 
BB, There are two axioms at work against us. First, oil must go down. Second, the higher oil goes, the farther it will drop (courtesy of Fadel Gehit (sp?) et al).

Right now, it appears we investors in this sector can't win no matter which way prices go.