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

To: BigBull who wrote (62491)	3/21/2000 9:12:00 AM
From: diana g	Read Replies (1) \| Respond to of 95453

Hi BigBull, irt "...Do ya think Yamani is the "leak guy"? ..." I think Yamani's statement and various other statements by producers have probably been used as 'stalking horses' in order to judge the market's reaction. They've been carefully considering this. I think we can be pretty sure that when the producers' plan is announced it won't be an increase that will bring oil back to the teens. As John Clark and others have mentioned, we don't need $40 oil or $30 oil to prosper. OPECetal are not going to collapse the price to pre-agreement levels. The current uncertainty is much more relevant to the oil-futures market that to the OSX. I believe a price in the mid twenties that seemed to be at least moderately stable would be ideal. And I believe we will very likely have that or high twenties. Stability is what's important, or rather I should say the market's perception of future supply/demand balance. I'm heavily on margin here, and feeling good about it. Of course, I've been wrong before. regards, diana