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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: E.J. Neitz Jr who wrote (34326)	11/6/2001 12:44:44 PM
From: BWAC	Read Replies (2) \| Respond to of 53068

Oil. Buy calls on OSX when they say oil will forever be below $15 a barrel? I don't remember the major oil companies like Exxon getting cheap even as prices fell. They did become dividend attractive. I'll be watching the drillers like RDC, GLM, and I have a whole list. Their business will essentially stop when there is no pressure or demand to drill for oil. Previously I had always heard Oil over $20 = drilling can be profitable. Oil under $20 why bother to drill. So carry that into todays market extremes and adjust accordingly? Here's my list and where I would thin about buying when they all start saying sell oil: Symbol Last Target OSX.X 74.13 50 OIH 52.7 40 RDC 15.39 8 SLB 45.7 25 BJS 23.49 14 BHI 33.09 22 CAM 35.7 22 DO 25.62 16 GLM 14.68 6 HAL 21.26 15 HOFF 7.01 4 NBR 29.11 16 NE 27.56 17 APA 48.35 25 APC 54.82 25 KMG 54.35 25 OXY 24.71 15 AHC 56.99 30 BP 47.23 40 XOM 38.47 30 P 53.87 40 RD 49.67 30 NCN 8.05 5