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

To: Tommaso who wrote (72396)	9/6/2000 9:57:52 AM
From: Think4Yourself	Read Replies (3) \| Respond to of 95453

Are you in stocks people would want to own at $20 oil/$2.50 NG, and are they liquid enough to allow institutions/funds to take a position?

To: Tommaso who wrote (72396)	9/6/2000 10:05:42 AM
From: The Ox	Respond to of 95453

Hi Tommaso, OSX is at the top of the chart for this cycle, so it will be much tougher going up than down. All this bullish news for oil+gas prices probably won't bring stock prices much higher in the very near term, IMO. So many of these stocks have already had a very nice run. We have the OPEC meeting in a few days and while the early jawboning has been loud, we still have to wait for the "official" decision regarding production increases. With respect to Nat Gas prices, there are multiple markets where gas is traded, as well as different times during the day that these markets are open. This is probably why you are seeing different prices quoted. You have gas futures prices, spot prices, etc..... It's easy to get them confused! Good luck, Michael