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


To: Redman who wrote (18381)4/7/1998 7:46:00 PM
From: Thean  Read Replies (2) | Respond to of 95453
 
API numbers are mildly positive. Slight drop in all categories.

bloomberg.com@@LIiwPQcAhpWEUaTz/energy/nrg2/nrwoil/nrwoil1_front.html

NY crude price perked up a bit by 8 cents as of last check. Not very earth shattering.

Ron - I did not sell my NBR. Still hold onto it. Did not buy anything new. UTI and BDI look interesting from the land side. ESV, RDC, MDCO and GLM look cheaper today. May buy ESV, UTI and BDI tomorrow. BDI and ESV are probably in the over-oversold territory in your stochastics by now. Missed getting filled on UTI by a chiny chin-chin today. Natural gas really took off today. But did any driller benefit? Kind of a non-event.



To: Redman who wrote (18381)4/8/1998 12:19:00 AM
From: Czechsinthemail  Read Replies (4) | Respond to of 95453
 
Greenman. The API statistics look bullish. The expectation was for a 1-3 million barrel surplus. Instead crude stocks dropped by 415,000 barrels. Distillate stocks fell 506,000 barrels, gasoline stocks fell 1,956,000 barrels, and refinery capacity was up 0.2% at 94.3%. Since part of the drop in crude prices was in anticipation of more bearish numbers, we may see some lift in crude prices.

Baird