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

To: Lois R who wrote (15842)	3/22/1998 9:57:00 AM
From: Thean	Respond to of 95453

Lois, that was great news. Here is the close of the key oil future as of Friday: Simex Brent - $13.16 North Sea Brent - $13.22 NYNEX - $14.61 I'm watching Simex tonight. NYNEX should also trade overnight electronically in event like this. If oil up $1, load up those land drillers. UTI is my first pick right now. PTEN is the most severely corrected. Technically, news like this may be enough to carry the leaders such as RIG and DO into the next trading band. All other offshore drillers are not far behind but ESV, RDC, CDG still represent great values. I really look forward to this. Ron - watch your stochastics. If we are indeed moving up to the next trading band, you may have to revamp your stochastics, probably using a longer ma. Also look for surfing the upper BB on IQC's free site. I think yours is almost the same as theirs. Paul Z - I like that Williams %, it is the CANSLIM indicator as advertised right? If we move to the next trading band, Williams% should hit the floor and disappear for a while, you think?

To: Lois R who wrote (15842)	3/22/1998 10:02:00 AM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

lois, I noticed a lot of spelling errors in your story. Do you have the address to this story ? I am a tad skeptical.

To: Lois R who wrote (15842)	3/22/1998 10:05:00 AM
From: P.Prazeres	Respond to of 95453

According to a story in Barron's this weekend, currently there is 2 to 3 million extra barrels of oil being produced daily... if production is reduced by 2 million barrels, then the oversupply is taken out of the market...right???

To: Lois R who wrote (15842)	3/22/1998 10:19:00 AM
From: Teddy	Read Replies (1) \| Respond to of 95453

Wow, that sounds like great news. I haven't seen it anywhere else yet, but the Reuters article makes it sound like it is a done deal: Producers inside and outside the OPEC are to cut between 1.6 million and 2 million bpd of oil from world markets to restore prices, a joint statement issued by Saudi, Ven, and Mex on the official Saudi Press Agency said on Sunday. The three Ministers decided to undertake an effort together with the rest of OPEC members as well as non OPEC producers to withdraw from the market an amount of 1.6 - 2 million bpd" the joint statement said... My guess is we are going up from here: short covering, value investors, people that were waiting for oil to stabilize, MoMo money... Oh, one more thing to help us out: now that it is Spring, Winter has finally arrived in New England: it is cold and snowing. Here's a couple of oil/gas futures price links a found today: cgi.ino.com cnnfn.com And here's a really long term idea, if anyone is interested: alienacres.com <G>