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Gold/Mining/Energy : Chesapeake Energy CHK -- Ignore unavailable to you. Want to Upgrade?


To: Razorbak who wrote (611)9/4/2000 12:12:06 PM
From: articwarrior  Read Replies (1) | Respond to of 726
 
Hey Razorbak!!

Did your mom get that CEO job at OIL? OK 60 dollars a share was not obtained only 2/3 the price I projected. I'll bet if your mom was CEO my $60/share would have been good as gold! Still from 6 dollars to now is OK by me!!
It is nice to see the old timers still on the thread. Big Bull still the same old bull I see.

How has the patch been these days? I see your still working like the devil saving failed businesses. I thought we were going to have a rig party? Did I miss the party?
I'll try to pop in now and again and I expect to eavesdrop on all you experts in the oil patch. I learned so much from participating on the oil patch thread and appreciate all the gems of wisdom passed my way. Here is one of my "LAST Predictions" cause SEC might not like me giving free stuff away!
For old times sake I will blow on that old black frozen crystal ball and call the next supply/demand reaction.
THIS IS ONLY A PREDICTION AND IS NOT AN OFFER TO BUY/SELL OR EVEN GUESS!!!!!

OPEC finds itself in a pickle now that oil is consistently above the 25 dollar mark...Which by the way was my price equilibrium point. Supply is picking up at a very fast rate but demand from Asia has picked up considerably. OPEC will endorse another rise in production to compensate demand usage/price offset. The Cartel has been extremely effective acting in concert with both OPEC and non-OPEC nations. The taste of 10 dollar oil is still lingering. One last crisis spike to 42 dollars a barrel then down to 25 dollars for the rest of the winter. Natural Gas will be the play with prices rising to 4.95 and staying at that level for an extended period of time. Creating a hedge at this point would be a prudent step for all those who rode this great run. Remember how the horse bucked us off on the last ride? A prudent man covers his ASS-ets!!!

Good hearing from you and pass my regards on to the rest of the oil patch.