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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company -- Ignore unavailable to you. Want to Upgrade?


To: General Crude who wrote (28)7/29/1998 6:43:00 AM
From: Monty Lenard  Respond to of 216
 
Hi Doug, Looking at the WEEKLY chart on SLB, it looks as if she help on support yesterday. If she fails this, I'm out.

Monty



To: General Crude who wrote (28)7/29/1998 10:25:00 AM
From: Bald Eagle  Read Replies (2) | Respond to of 216
 
<<Let's hope El Nino will bring us a cold winter to help prop up oil prices then we will move up again.>>
Well, we might get a cold winter, but it will be La Nina that causes it. Really, La Nina is the "sister" of El Nino and brings cold weather.
BTW, also, this A.M. on CNBC there was an analyst recommending SLB. Says that no matter what oil prices are,oil companies still have to drill or they lose their leases and that oil won't stay this low for long, anyway.