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

To: marc chatman who wrote (17209)3/30/1998 2:19:00 PM
From: tyc  Respond to of 95453
 
hi,

>>CNBC says they need 2m barrels to make substantial difference. <<

Did Pisani say anything about $10/bbl crude oil ? Do we care what
he say ? At least, I don't.

tyc



To: marc chatman who wrote (17209)3/30/1998 2:52:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Thread, you all may have noticed that the decline today is on very low volume. I've checked a number of the drillers, and many are showing a small fraction of their average daily volume. To me, this confirms light profit taking and consolidation (i think that's what Thean was suggesting); no dumping. It's not surprising to see the big buyers staying away on a major news day.

This should be healthy for the long-term.


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