Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jim_p who wrote (76584)	10/17/2000 8:30:31 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Add COVD to the - "OHHH THE HUMANITY" list... yowser ~ Tech & Safe are now oxymorons... Tech & Investment is now an oxymoron Tech & Wreck are now synonyms ==================================================================== PS jim p - agree on the high potential of an extension of the Oil cycle - 'cause there aint no "Nat Gas Cartel".... but; the risk is that the Street sells even the Oil levered plays off in sympathy/baby out with the bathwater etc... don't know if I'd have the guts to hold NEV, or VPI etc into a general NG led E&P selloff. Don't think the Oilier names particularly fared all that well in last Sept's E&P meltdown. - actually; the good news in the extension of the Oil cycle past the NG correction; is that the driller & service cycle will continue to show positive eps growth thru the later stages of the cycle. The "only" way I at this time anticipate being in the oilpatch past May-June of next year (because of overall Market risk capping the OSX) is if we get a really upside surprise in the extension of the Crude cycle which could take the drillers to that RDC $4.00 eps & $6.00 NBR eps type of peak earnings potential - obviously on the way to those targets OSX 200 would be a potentiality... All in all; I'm waiting for the break of the NG leg & watching API supply levels for crude to break back thru 285 M boe - 290 M boe with the trend heading upward thru 300 - that will be the exit point & the end to the upside move in crude imo. - watch the API supply levels.... 285 M boe & less = $25-$35 sustained Crude & a sustained Oilpatch cycle; but a move thru 300 M boe by May (which I think we may see) signals the exit point & the entry to the short side.... in which we'll see those quick & easy 90 day doubles & 3 baggers once again; just this time - it'll be on the downside... Cyclicals - ya gotta love 'em I can only imagine the food fights when the time to short the patch en masse` arrives...