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

To: Broken_Clock who wrote (10161)	1/29/1998 11:12:00 PM
From: A. Fineigler	Read Replies (1) \| Respond to of 95453

So ... if the Iraq tension subsides in the next month or two are we looking at oil slumping back down to $15.something (where it just came from) or is there some reason the price might stay high-ish ? Also, are the analysts who just upgraded the sector going to do an about face and downgrade if oil prices go down a couple of bucks (or fawns) ? Nobody knows, but informed opinions are very welcome. AF P.S. For what it's worth (not much), my guess is that oil will drift down to the $16-17 area and stay there for a few months if the Iraqi situation calms down, and then slowly but steadily drift up as Asia recovers. And the analysts will chop and change according to the mood of the moment, as usual.