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

To: chowder who wrote (65312)	4/26/2000 3:06:00 PM
From: SliderOnTheBlack	Respond to of 95453

dabum - on the subject of the "Invisible Crisis" ... Hmmmm; the way I see it - it gets dramatically exaggerated on both "ends" - at the bottom & the top. We were way oversold at the bottom - E&P's then disconnected from the rise in Oil & Gas; that became the "divergence" play. But, equally - I think the Street over-pumps up the upside "Story" - remember last year - we had these same stories of $6 gas... but, what IS different is we have so many more rigs drilling for gas here, so much more activity, so much more cap ex spending, so much more pipeline capacity - that it aint going to happen imo... that is the big difference. We shall see - I just don't buy into the extreme's at the tops, or the bottoms; just give me a leveraged middle anyday (VBG) ~