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


To: Frank who wrote (60345)2/15/2000 5:28:00 PM
From: William JH  Read Replies (2) | Respond to of 95453
 
The reporting on this sector is seldom very good, but one of the worst ever was on Nightly Business Report (PBS) last night.

First, they trotted out some guy with a heavy accent who said that OPEC was cheating a lot, and that compliance was down to 62%. Then a woman analyst with some regional firm showed a chart of an oil stock and said something like "Investors know the price of oil is going to come down, so they are selling the stocks in advance."