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To: SliderOnTheBlack who wrote (62870)3/24/2000 3:29:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Rigs Counts, seasonal slump ending?

biz.yahoo.com

I think todays reversal action is based on what you say plus Dow weakness. Too many people dumping SLB today. Sell the news might happen but I think it will be very limited. Don't think OSX 98 will be retested. The cycle is just becoming so much more visible to Wall Street now. I think OSX 120 is a done deal in another month max.



To: SliderOnTheBlack who wrote (62870)3/24/2000 4:29:00 PM
From: Archie Meeties  Read Replies (2) | Respond to of 95453
 
Fill up the Navigator, plan a long road trip, and start casually dropping stock hints to people at the pump. Like "Hey, I heard the oil service stocks might not be a bad place to invest... if the fed continues to hike rates, inflation rears it's head, the economy slows down... why, back in the 70's..."

Or mutter audibly, "I wonder who's the sob who's cashing in on me filling up with premium."

Whatever OPEC does, it's all irrelevant to the long term outlook for the OSX. A >1.5 million increase is a chance to buy back into those that have leaped ahead, a 1.0 million increase a time to hold, anything less and it's time to plan a retirement. But after OPEC raises production enough to push oil over $30 in no time, we'll get the AGA numbers in two short days.

Storage will be almost at the magical 1TCF, if not under, and what has been clear to some for over a year will then be clear to all. If we go under 1TCF in the next two weeks, $3.00@HH is easy, and if Roebear is right about the NAO and we see another bit of cold...

The amazing thing is that after all this time, even after the analysts started to lightly pound the table about the OSX, strong E&P's, the majority of retail investors are still out looking for the next great technological innovation, or trying to squeeze the last bit glory from horses that have already run for ever.