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

To: SliderOnTheBlack who wrote (26476)	7/25/1998 12:04:00 AM
From: P.Prazeres	Read Replies (3) \| Respond to of 95453

Projections to 2020 eia.doe.gov

To: SliderOnTheBlack who wrote (26476)	7/25/1998 2:08:00 AM
From: Bolder	Read Replies (3) \| Respond to of 95453

We are seeing the early signs that a bottom is near. What are they? The most adamant 'bulls' on this thread have capitulated ! The fund managers including hedge funds have capitulated ! There is no significant selling by insiders in the stocks I am following in this sector! In fact, several company's have announced stock buyback programs (i.e. FGII, DO, RDC}. The consensus of opinion is that these stocks are headed lower because oil prices are headed lower! My only concern is that I think there is a real possibility that there will be a worldwide recession beginning next year which will not only result in a severe correction in the U.S. stock market but will also lower the demand for oil which will act as a depressant for oil prices and therefore stock prices in this sector.