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

To: HH who wrote (15968)3/22/1998 9:08:00 PM
From: Lucretius  Respond to of 95453
 
Many of our drillers could easily break out of their trading ranges tomorrow. I could see NE closing at 32 as a possibility w/ oil making this kind of move.

-Lucretius



To: HH who wrote (15968)3/22/1998 9:17:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
>>Just got a quote from a broker at the Nymex after hours Acess system: crude up $2.40 on near by contract<<

THAT is a short squeeze. What it means, IMO, is that the futures will shoot beyond the supply/demand equilibrium to the upside. And that usually means oil prices will settle back eventually. It is quite possible that stock prices will follow the same pattern.


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