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

To: Crimson Ghost who wrote (40304)	2/14/2000 8:02:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

George, funny enough there have been no major exploration or capex initiatives by the oil majors so far...the rig count is stuck at relatively low levels. as a result the drillers haven't profited much from the surge in crude so far. that will change if and when the higher prices threaten to become a more permanent feature. i find the divergence between crude and the XOI remarkable...imo it's yet another sign of increasing liquidity problems in the market.