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

To: Captain James T. Kirk who wrote (25595)	7/13/1998 9:27:00 PM
From: Tulvio Durand	Read Replies (2) \| Respond to of 95453

... unless you belive these stocks are going to $0. These stocks may not go to 0, but they could become even much better bargains. What's the lowest possible price of oil sitting in tankers whose delivery is being refused for lack of storage. The oil exporter co would have to pay the tanker co those holding costs (crew idle time, etc.). It might be cheaper for the owner of that oil to unload it at production-cost, around $5/bl. If spot oil sold for $5/bl even for one day, what would the OSX index do? It would make for some great buying opportunities, I'm sure. Tulvio