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To: chowder who wrote (4258)5/7/2001 5:16:59 PM
From: Second_Titan  Respond to of 23153
 
I know it is rather a bummer. I think the next catalyst will be oil drilling focused, but NG drilling will be strong but not the driver for OSX. The OSX is pretty fairly valued here today and I tend to think NG focused land drillers like NBR may have seen peak valuations.

Before another major leg based on oil I think we would need to see:

Clearer indication that the global economy is not going to tank oil demand

drilling activity transfer from NG to oil

stock levels stabilized



To: chowder who wrote (4258)5/7/2001 9:04:11 PM
From: JungleInvestor  Read Replies (1) | Respond to of 23153
 
Dabum, the XNG did not rally, but the XOI did a little:

stockcharts.com[h,a]daclynmy[db][pb50!b200][iUa12,26,9!Lp14,3,3!Lk14]