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.

Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Blitz who wrote (3140)	6/23/1998 6:29:00 PM
From: justaninvestor	Respond to of 11684

Blitz - I have to disagree with you on this one. <<And you probably also remain short on MTEI, and that is why you are here. Well, let me tell you something, I am no expert, but all I have been hearing is GOOD things about oil. In fact, the newsman on the 6:00 news just said that prices are at an all time low in 12 years, and that oil prices are going to go up, and they said OPEC is going to help this as well.>> First, I don't think Alistair would be short a 40 cent stock - way too much risk. Second, the chart he linked to is not something that he created and it does show a possible decline in oil prices. However, too many factors come into play to know what's really going to happen. Third, OPEC has been notorious for not sticking to self-imposed cutbacks. This time it might be different though. What would you rather do, sell oil at $10/bbl or 1/3 less for $15/bbl. Same revenues, but you add 1/3 to your reserves for those days when oil is $25/bbl. I thought he made a balanced post and he concluded by saying that MTEI's future didn't hinge solely on oil. bbruin -"HLBS&DW"