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

To: SliderOnTheBlack who wrote (26423)	7/24/1998 3:52:00 PM
From: Gameboy	Read Replies (2) \| Respond to of 95453

Deal Me In I know a good deal when I see it - couldn't resist adding some at 52 week lows. The estimated US contract price paid by refineries (as reported by EIA) has risen from $11.43 June 26th to $11.82 July 17th, yet the refineries are buying all they can store and process at these cheap prices because they know that the days of cheap oil are coming to a rapid close. Many of the companies in this sector are booking record sales and profits, and the price of oil is just now starting its climb, and probably will shoot past $20-21/barrel. What a hoot! Best of luck, Steve