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

To: SliderOnTheBlack who wrote (23711)6/9/1998 3:53:00 PM
From: Redman  Respond to of 95453
 
Although it hurts, this is a very well timed collapse in oil prices. Maybe this time OPEC will get off their ass and make some serious cuts in supply. Last time they fell short of the number even they proposed, this time they best know better. NOBODY will even be remotely excited unless these guys exceed all expectations of cuts. Only then will analyst feel we have a chance of getting some of the glut moved into the system.

green



To: SliderOnTheBlack who wrote (23711)6/9/1998 3:57:00 PM
From: bw  Respond to of 95453
 
May luck be on your side...
In my investment vocabulary, long-term hold has become a euphemism for
being in the hole...<g>
Watch out tomorrow...The API report comes out after trading close today, and will probably report more bearish news.
Still in cash for now...
On the positive side! These prices are getting really low; the upside [when it comes]
will provide ample opportunity for capital enhancement...



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