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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?


To: DRRISK who wrote (7829)3/18/1998 8:14:00 PM
From: Steve  Respond to of 11888
 
DrRisk,

I hope you don't mind me addressing you but this is my first time posting on this board, although I have followed it very closely for about 18 months now. I have read all of your( the threads) posts with an open mind. From the now infamous FB's (random thoughts), to the soon to be famous Taxi (towncars.com), Sandwedge or is it really Anmoragin (sorry Sandwedge I know this has been covered before, just a little humor) Sycamore (stay long!) Q-Dog's (minute to minute crude oil status) among many, many others including yourself. Yes I have seen and read just about everything.

Am I a shareholder? Yes! Am I a risk taker, obviously since I have put some of my hard earned money in AIPN. Do I feel that AIPN is legit? I have read, re-read, copied and cut & pasted rheems of info & debate on AIPN and now in reflection, that some of their plans are coming to fruition, I can only say that IMHO AIPN will be a more successful company than at MY entry level. Is that not what risk taking with penny stocks is all about?(I did'nt say investing!) Yes some trade, some short, some just stay long. We all have our own agenda's.

As the time grows closer to the reality of our risk I hope that all of the thread will keep their persona's. After all what is a soap opera without the Good the Bad & the Ugly? Ok people don't come down on me too hard, I promise not to post too often. Besides it took me an eternity just to figure out how to post here....



To: DRRISK who wrote (7829)3/18/1998 10:45:00 PM
From: qdog  Read Replies (1) | Respond to of 11888
 
Let see, oil was up a buck today! Classic short squeeze. Gee no one noticed. Failed again. I'll have to work on that. I choose to share this with y'all, seems that MAYBE crude will stabilize with this news and exactly what I said would take to correct the situation. However, it is only rumour, but positive. Short airlines!!!
The qdog has spoken!!!!!!!!!!!! Nice call DR...................

Commodities
Crude Oil Prices Rebound
On Hopes for OPEC Meeting

An INTERACTIVE JOURNAL News Roundup

Crude oil futures jumped more than $1 a barrel Wednesday on the New York Mercantile Exchange amid rumors that the Organization of Petroleum Exporting Counties and non-OPEC oil producers will meet to discuss reductions of world oil output.

Later Wednesday, comments from the director of Mexico's state-owned Petroleos Mexicanos that world oil producers need to moderate crude output to support prices sent crude oil and petroleum product futures soaring.

"It is now the turn of producers -- oil producers -- to moderate supply," said Adrian Lajous, director of Pemex. "Only in this way would it be possible to stabilize prices in the short term at a level acceptable to the principal actors in the international oil market."

Mr. Arrieta, in addition to denying rumors of an OPEC/non-OPEC summit, confirmed that he would attend OPEC's ministerial monitoring subcommittee March 30, raising the odds that the meeting could turn into a higher-level emergency meeting, where production cuts could be considered.

"There is a feeling in the market that world oil producers are moving toward production cuts. At the least, they are letting it be known that they are concerned about falling oil prices, and that improves the chances of output cuts taking place," said Tom Bentz, an energy analyst with Cresvale International, a New York trading house.

The gains reversed recent losses that have pushed crude oil prices to their lowest level in nearly a decade. The decline, which began last November, has been attributed to an increase in production by OPEC countries and lower demand by Asian economies caught in a financial crisis. A mild winter in parts of the United States and Europe also has pared demand.

Crude oil for delivery in April gained $1.11 to $14.32 a barrel; April heating oil rose 2.47 cents to 40.95 cents a gallon; April gasoline gained 3.71 cents to 48.60 cents a gallon.