Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wowzer who wrote (63037)	3/27/2000 9:22:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

OPEC has reportedly agreed to increase "LESS" than 2.0 M boe per day - only details remain... 1.5 is the number being bandied about fwiw, but while they have not "formally" agreed on the final number, an increase is supported and it will be less than 2.0 Million - which is very bullish for commodities AND the Oilpatch stocks. However; the key will be if they count the current "cheating" into that figure - which they may. All that matters is less than 2.0 Million and we guarantee fundamentally $25+ crude for some time - and still should see decreasing supply with that production. The BOOM 2000 SuperTrain just merely flipped off the "nitrous" switch and is only running on standard "turbo" power presently (VBG) ~ ...sorry Postal, we'll be sure to wave "bye". Worst case scenario is that we have a buy the rumor & sell the news reaction by the momenteum players. For us to get a brief & small selloff would not surprise me - maybe 10-12%; but that will be met with strong buying support and the rally which will FINALLY be based on actual earnings momenteum & not just "expectations" begins... Imho - Buy value, buy laggards, be patient, keep some margin leverage dry and buy the hell out of any & all dips in fav's here... Majors, mini-majors & Integrateds look to have the best value & earnings momenteum here - hence; really safe risk vs. reward bets.