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

To: The Perfect Hedge who wrote (15956)	3/22/1998 8:51:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Personally, NO. That's a huge move although we'll get a pop for the euphoria of the OPEC decision. However, the devil's in the details. Are all these guys gonna honor their word? Why won't they continue to be two-faced - talk one side and serve their own interests on the other? I have sold RON 80 MAY calls, and I think they are safe, too. The price of oil won't lie about whether this deal works or not. After the honeymoon's over, the test of this marriage plays out over the next few week, and months. I think we all recognize this a defining event, however is it "the" defining event that signals our bottom? Luc thinks this is the turn, and I think I agree. However our vector upward might be a flatter line rather than a steep grade. I think we continue to have to be from Missouri. You know: "The show-me state". Regards...