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


To: Czechsinthemail who wrote (20300)4/24/1998 4:48:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
I suspect we'll be getting positive news on the summer driving spree before we hear from OPEC -- though some action at their June meeting is a possibility.

Baird: I tend to believe an OPEC (and non-OPEC) move on further production cuts may be more imminent (and more effective) than the effects of summer driving. These low prices are inflicting some real hurt on the undeveloped countries. Surely someone will realize that a 5% production cut would generate a 20% price increase that would create a larger pie with bigger slices for everyone. I keep telling myself that the oil honchos are not complete idiots though sometimes it is hard to tell. I'am expecting some action before the June meeting.

John



To: Czechsinthemail who wrote (20300)4/24/1998 5:15:00 PM
From: seadust  Read Replies (2) | Respond to of 95453
 
Baird ** Kudos on "Drillers' Pamplona" ***

Baird ..
Gota love it !! This should become the theme song for this thread,
if we can get MPH or Shelia to compose some words for us<ggg>.

It really wasn't all gloom & doom today, MDCO, CDG came back fairly strong from their intraday lows. FGII, CXIPY, TCMS came back to post modest gains. It looks like the same thing we've been going thru the last couple months IMO.

PS. DIAMOND--- maybe we can make a sign up for the Rig Party with
something like "TEXAS SITE of DRILLERS' PAMPLONA" HA!HA!

regards,..WK



To: Czechsinthemail who wrote (20300)4/24/1998 7:59:00 PM
From: waverider  Read Replies (4) | Respond to of 95453
 
And Baird sayeth:

I suspect we'll be getting positive news on the summer driving spree before we hear from OPEC -- though
some action at their June meeting is a possibility. If more money comes out of the Internet stocks through sector
rotation rather than a general market collapse, some of the money may find its way into drilling and service
stocks.

I suspect we'll be getting positive news on the summer driving spree before we hear from OPEC -- though
some action at their June meeting is a possibility. If more money comes out of the Internet stocks through sector
rotation rather than a general market collapse, some of the money may find its way into drilling and service
stocks.

I suspect we'll be getting positive news on the summer driving spree before we hear from OPEC -- though
some action at their June meeting is a possibility. If more money comes out of the Internet stocks through sector
rotation rather than a general market collapse, some of the money may find its way into drilling and service
stocks.