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

To: upanddown who wrote (87133)	2/13/2001 9:00:19 PM
From: sportsman	Read Replies (1) \| Respond to of 95453

John, The strength in oil makes no sense to me either. The oil price should be tanking for the reasons you stated. Only OPEC has the ability to support the price of oil and never before that I can remember has the market trusted OPEC. I recently sold KEG, OEI, and OIL and only hold CRK, TLM. I will probably sell CRK tomorrow right before earnings are released. I have had a tremendous run in energy after loading up in early 1999 and late 1998. I am beginning to purchase selected tech stocks and believe that the opportunities in tech are getting very close to the opportunities that existed in energy in early 1999. I will continue to hold a few Canadian royalty trusts in the energy sector. Sportsman

To: upanddown who wrote (87133)	2/13/2001 9:45:11 PM
From: Tomas	Respond to of 95453

OPEC will meet March 16 to consider further cuts. "I would bet you that they will cut production," said Simon Games-Thomas, head of energy at N M Rothschild Australia in Sydney. The cut is likely to be 1 million to 1.5 million barrels, but "if the economic outlook has worsened you could see as much as 2 million barrels", he said. "What they (OPEC) don't want to see is inventory build, because inventory is a buffer and it reduces their control of prices," said Games-Thomas. From Bloomberg Energy, February 13