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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (88683)3/16/2000 9:23:00 AM
From: Money Mood  Respond to of 120523
 
RMTI - people, take a look at this recent breakthrough with strong technicals and good fundamentals. Looks a go to me. Also featured in The Newsletter:

alertinvestor.com



To: Jerry Olson who wrote (88683)3/16/2000 9:25:00 AM
From: lee kramer  Read Replies (1) | Respond to of 120523
 
OJ: RE: OPEC. I still disagree. This is a ton of money for them. And once you get a "taste" of a lotta dough it's hard to reverse position. Kinda like selling some of th the Semi's and Bio's when they're flying and doing a bit of shorting.(Lee)



To: Jerry Olson who wrote (88683)3/16/2000 9:31:00 AM
From: SMALL FRY  Read Replies (1) | Respond to of 120523
 
Too many different opinions going here. I'm buying... the shorts will want it going down a bit more so they can cover... let them cover on the run. I'm selling my protective Puts on the run...

SF



To: Jerry Olson who wrote (88683)3/16/2000 10:19:00 AM
From: tjptrouble  Respond to of 120523
 
OJ - I believe there is considerable lag time attempting to "uncap" sealed wells, the only real threat we have is to begin drawing off our reserves stored in the abandoned salt mines



To: Jerry Olson who wrote (88683)3/16/2000 8:17:00 PM
From: Roebear  Respond to of 120523
 
OJ,

Nice special on the network news tonight about how the domestic producers aren't revving up because they are still recovering from a 20 month beating. Banks not anxious to lend to them either. Nobody believes oil prices will stay north of $25.
The news also covered the severe shortage of skilled workers in the oil fields as most of them left, permanently, for greener pastures during the recent long layoff many of them had. Possibly they all became daytraders VBG. This was one of the few instances where the TV news hit it right on, but all facts the Strictly Drilling thread knew for months You will see an increase in domestic production, but it will be agonizingly SLOW compared to demand.

Also note that closed wells do not come back with a flick of the switch. For many domestic stripper wells, from which the US gets a lot of its production, ten dollar oil was the final straw, many will never restart again, as the well never produces as well as it did before without expensive recovery techniques. Iraq may be currently having this problem, BTW.

Natural Gas is an even better proposition, demand is growing steadily, new power plants running NG to meet environmental standards are coming on line (literally hundreds of them) to meet increasing peak electrical demand. No OPEC to worry about for quite awhile with NG, how many NG(LNG) unloading terminals left in US? Check it out, though one is being built, operational in a few years I believe.

OPEC? 1.5million tops and 1.2 more likely and they'll squeeze the leaking a bit too. Do the math, 300% more $$ for 7% less of your finite resource, what would you do?
As for political pressure, Gulf War was nearly a decade ago
and things change.

I'm with Lee, OPEC will give it to us all right, the hard way. After all, they've done it twice before.

Best Regards,

Roebear