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

To: Broken_Clock who wrote (11785)	2/16/1998 10:52:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Papaya, Is your European quote spot or future? Brent closed Monday at $14.48. So you are saying Brent is now $14.03, losing another $0.45? I'm confused here. The weakness in Brent is due largely to worry on oversupply and not the Iraqi situation. Now, with CDG's expected beating of estimte, and PDS gained 3+% today in Toronto, we should open higher tomorrow morning unless Brent tanks overnight to $13.50. I think there have been a few media recommendations on the drillers over the weekend. Tomorrow will be a good test especially if crude goes below $16 again. If they can hold up despite the crude weakness, then I'd say this is sign of fundamental buying. The momentum players will buy only after they can show indifference to the oil price. Another wildcard for CDG is - are they going to have any cc? I rather they not have any. A slip of tongue is all it takes to tank 10%. To be sure, I will consider setting stop loss below the low from the first correction. As to OSX, they are supposed to go up tomorrow. We will see. Very exciting time ahead.