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


To: Thean who wrote (6625)1/5/1998 2:32:00 PM
From: Broken_Clock  Respond to of 95453
 
There's a rational explanation Thean...loads of goods news on the drillers today!
NEW YORK, Jan 5 (Reuters) - The world's oil barons are expected to make huge investments in Latin America in 1998 as
the continent's under-exploited oil and gas reserves open further to private capital.
biz.yahoo.com

Dave(They'll have to pry my GW/NE calls out of my cold stiff fingers!)



To: Thean who wrote (6625)1/5/1998 3:07:00 PM
From: bw  Read Replies (2) | Respond to of 95453
 
Thean..<<PEngr is right again>>
I checked on Motley Fool boards, and he hasn't posted for about 5 days. They are jumping off the boats over there, however <g>
ps..We seem to suffer with more dignity on SI!
..that reminds me...where's Glen?



To: Thean who wrote (6625)1/5/1998 8:10:00 PM
From: Nancy  Read Replies (1) | Respond to of 95453
 
Thean,

when everyone was so happy last week and thought about the Jan earnings, I went short FLC at 35 3/4 via short Feb 32.5 calls.

My view is earnings dont matter - crude has to stabilize and trend upward again.

PEng has not changed his view. He is a shrewd investor using both FA & TA as well as overall market sentiments. Ever since the first big drop we saw back in Oct - he has called almost every turn right on target.