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


To: Brian P. who wrote (63059)3/27/2000 12:10:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
Dain Rauscher, Frost & Common Sense = buy this dip !

Doesn't take much extrapolation ability - Postal aside; to see that OPEC's formal announcment will FINALLY put a quantifiable FLOOR under both Oil prices and the OSX itself.

This is good news and will be bullish. This selloff is on light volume and is TOTALLY due to conservative portfolio trimming - I don't even see heavy shorting anywhere - that would be a daytrade if seen imo - as we should rally strongly post the "final & formal" OPEC announcement.

With the floor firmly set under $25 Oil - I'd be buying the likes of HAL & choice drillers on this pullback, let alone the glaring values like PGO, or Nat Gas pureplays who pulled back with the sector here...

HAL runs to $50 non-stop post the announcement, many other no-brainers here... PGO my fav in the OSX here.

A complete reversal and strong rally anytime here would not surprise me at all... I am buying here - keeping some powder dry - but, not missing HAL, more PGO etc here.

30% sector-wide run thru Memorial Day imho - especially the E&P side.