Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (1334)	6/23/1998 1:50:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 2005

mph: here's a clip from the WSJ story I quoted. The story gives a good summary of background events, too, but since it is copyrighted I can't post it here... [snip] Nevertheless, some observers are betting that in Vienna, the OPEC nations, driven by sheer necessity, will put pride aside in favor of prices. If OPEC agrees to additional cutbacks, many analysts expect the benchmark price to climb back to $16 a barrel by year end. Such a rebound would restore the development budgets of major oil companies, which have begun cutting back in response to the price declines.[snip] subscribers interactive.wsj.com GM