SI
SI
discoversearch

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


To: wolfdog2 who wrote (25932)7/17/1998 12:14:00 PM
From: Zantac  Respond to of 95453
 
True enough. It is hard to feel the psychological pulse of this sector. The stocks just "look" too cheap.

I believe in $17 a barrel oil, or at least $15. Obviously, the short term glut will be burned off. That should set us up for at least $15. My concern is what will happen to the dollar. I also wonder how the high dollar is impacting demand for oil in Europe. The European expansion should suck up oil, but this affect will be damped by higher dollar denominated prices.

Any thoughts?