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 : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (6205)	1/3/1998 9:14:00 PM
From: Laserbones	Read Replies (1) \| Respond to of 11888

Life really can be an evil circle. <BG> Isn't it strange how Deja Vu has a way of repeating all the time? Greg

To: Ditchdigger who wrote (6205)	1/4/1998 11:32:00 AM
From: qdog	Read Replies (2) \| Respond to of 11888

Happy New Years. Yeah, the rah-rah crowd almost chased me out of here, but I decided to be stubborn about it. I stand by my post; thick and thin. Shame that most left, that weren't rah-rah types. Taylor and Razor both work in the industry and lend a certain credibility to their post. It's unfortunate that folks don't use the power of the Internet to educate themselves on oil and exploration. I've try to steer people to useful sites to allow them to draw their own conclusions instead of listening to all the stock experts, past and present. Some rather read AOL for the lastest rah-rah from Faris instead of going to oil company sites that know more than Faris or to the industries trade magazines, favoring instead WSJ. At the end of the day; it won't be slick PR, rah-rah chat room; alignment of the planets; preliminary siesmic or geophysical work, naming "prestigous" names of key people that profits the shareholders; it will be the ability to raise cash to fund exploration and drilling a well that proves what lies below the ground. Right now the earliest the company seeing that happening will be towards the end of the 1st Q this year. Now for some cold water; there is a chance that will be the 2 Q instead. Nature of the game in the energy biz. The Chevron Primer states the odds on rank wildcats and those of wells drilled within a mile of discovery, with today's modern technology. It also hinges on the price of crude which is now at $17.43 for light sweet crude on Feb contracts. That's at a 2 year low. Shame Razor or Taylor aren't present to give us their opinion on that key piece of data. Then again, I was trashed about that a couple of months ago when I question the direction of crude underlying price. Same/same for nat gas prices. They are off over a dollar/mcfd from this time a year ago. Stock experts are ducking their heads in the sands if they think that oil companies won't start scaling back exploration if this trend continues.