SI
SI
discoversearch

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 (15608)3/19/1998 9:52:00 PM
From: shadowfax  Respond to of 95453
 
By Mavis Scanlon
Staff Reporter
3/19/98 8:25 PM ET

Investors committed to the oil patch are on a wild ride this
week. Manic-depressive might be the best way to describe
the sentiment

This week a solid lease sale, coupled with renewed
speculation about a possible reduction in production by the
OPEC nations, has fed some tentative optimism. Such
optimism has been crushed before in the past few months,
and the recent moves have traders wondering whether a
breakout could possibly occur with oil prices still ailing.

Seems she has been reading this thread!!!



To: Broken_Clock who wrote (15608)3/19/1998 9:55:00 PM
From: marc chatman  Respond to of 95453
 
My feeling on the earnings reductions is that their purpose is two-fold -- helps get the investment banks and their preferred customers in at lower prices and helps lower the bar when it comes time to compare earnings to estimates. It hurts when they lower if you already own the stock, but it presents a nice buying opportunity.

I'd almost be more nervous if they started to raise estimates since it is often a prelude to the institutions dumping.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News