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

To: Tony D. who wrote (9853)	1/27/1998 1:26:00 PM
From: The Perfect Hedge	Respond to of 95453

Yes.Read back posts.GD

To: Tony D. who wrote (9853)	1/27/1998 1:45:00 PM
From: Thean	Read Replies (7) \| Respond to of 95453

The IRAQI situation is definitely drawing the attention of the oil pit traders. Clinton called Blair for 15 minutes to talk about IRAQ. UK is the only European country willing to partner with the US in any attack however. It's sickening to see the drillers not able to move at all despite great oil price and S&P. No one is biting at this point. Most funds are out of the drillers. If OPEC can work something out, then we may have a basis for a shift in crude fundamentals. The Iraqi thing, when it's all over, will just be a flash in the pan as far as oil prices go - a temporary blip up. Anyone knows where is the CONSENSUS level for crude to break its downtrend? Many in Asia anticipate hard time to continue for the next two years, per my personal info. So Asia will always be a psychological factor in the energy consumption equation. With the way things appear to be heading at the OPEC meeting, only minimal impact will it provide, if at all. We are not out of the trouble yet. If the drillers are not moving when crude and S&P are up, what do you think will happen when they come down? Another 30%? Conceivable to me. Sorry for painting such a negative picture but that is exactly how I feel presently.

To: Tony D. who wrote (9853)	2/4/1998 11:32:00 PM
From: Tony D.	Read Replies (2) \| Respond to of 95453

THREAD I'm long MDCO. I bought in at 20.25 and it promptly dropped. I bought back in at 19.25 after it came back up from 16-17 range and it promptly dropped again. My questions are two fold: 1) Is this only another false rally? 2) If Clinton bombs Iraq in about 18 days, and oil prices rise in reaction, do the service companies rise in sympathy? Tony D. P.S. One other question. What's it worth to you all to not have me buy any more MDCO or advise the thread ahead of time so you can buy puts?