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


To: jim_p who wrote (66326)5/17/2000 10:37:00 AM
From: Big Dog  Read Replies (3) | Respond to of 95453
 
PKD gave a nice opportunity this morning for those of you late comers (Slider...that means you).

Looks like profit takers hit the sector firth rattle out of the cage this morning and then almost instantly the buying came in.

The Dog will be showing up at the E-commerce for Oil and Gas conference in Austin next week. Anyone else going?

big



To: jim_p who wrote (66326)5/17/2000 10:40:00 AM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Yes Jim, the strength in the OSX today is quite encouraging. I'm definitely with you on this oil patch cycle being longer and stronger than the '97 one. For one thing crude prices have gone much higher and stayed there longer than in '97. OPEC is a far different animal, this time around and Asian economies do not appear to be in imminent danger of collapse.

BTW What are your views on SCSWF/SCSAY (Stolt Offshore)?



To: jim_p who wrote (66326)5/17/2000 10:41:00 AM
From: Think4Yourself  Respond to of 95453
 
I feel the same way about gold vs oil. The gold conversations would make sense on just about any other thread. With sky high commodity prices why take a risk on gold when the drillers, service companies, and EnP's are virtually guaranteed to go up?

I believe Oil and NG prices are CAUSING the inflation, despite what all the "experts" CNBC interviews are saying. The "experts" are still saying energy prices are coming down. How friggin' clueless can they get?