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

To: Timelord who wrote (87180)	2/14/2001 12:42:24 PM
From: isopatch	Respond to of 95453

Alex. My read is similar. Would only add that there's also some important support in the 118-120 area on he OSX. Isopatch

To: Timelord who wrote (87180)	2/14/2001 1:53:28 PM
From: excardog	Respond to of 95453

Alex Thanks for the read. I've turned bearish short term on oil prices. Near month forward future spreads have tightened. OPEC is the player in here as well as the economy.Will OPEC production fall faster than usage? Big question. Will the economy soft land and then pick up steam second half? Another big question. Have reduced by portfolio to 50% invested. Continue to hold some "drill bit plays". Thinking if one wants to short the OSX it might be done via the new holders. Most of the large OSX names have pretty stout forward pe's yet fundies remain pretty strong so I'm not thinking short. Maybe OSX just trades sideways for a while. My guess. When and if oil names come down I'll probably look over the majors for an entry point which was the thought of an earlier poster today. CHV has the most to gain IMO with the TX merger. Just like to buy it for $75ish rather than $85ish. Just my two cents Best