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: tommycanuck who wrote (82005)	12/18/2000 4:21:25 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 95453

I've been unloading E&Ps and OSX stocks into today's strength with the goal of getting mostly out of the market in the coming weeks (except for select tech & financial puts). Sold some XTO at 25-7/8 and MND at 59-7/8 for nice profits. One exception in OSX is KEG. Their fundamentals and demand for their services are excellent right now, and I think I'll hold onto most if not all of these shares to keep a foot in the door for any more OSX upside. According to my valuation methods KEG is a great buy right now compared to anybody else in the patch. I agree with the viewpoints out there that the average 20% capex increases for next year won't increase activity levels at all, since the costs to do almost anything will go up more than 20%. Therefore we're going to have to see bigger capex increases than 20% before we have to worry too much about new drilling & production flooding the market. Anybody else out there think it's ironic JPM would be near an all time high on the hopes of a Fed rate cut, while on the cusp of possible/likely recession? Sharp