Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Mike from La. who wrote (27524)	8/11/1998 1:41:00 PM
From: Snowshoe	Respond to of 95453

Mike, the markets are the ultimate judge, and they are acting like they believe the IEA report about poor OPEC compliance. -Greg

To: Mike from La. who wrote (27524)	8/11/1998 1:54:00 PM
From: Richard D	Respond to of 95453

Mike, I think June was a bad month to focus on OPEC compliance. It seems many countries put off their original cuts until later (August or later) for a multitude of legitimate reasons (contracts, difficulty switching momentum, etc.) The report is old news and perhaps the volatility today is the tug of war between those looking backward and those looking forward. The market often discounts such negative news if it appears to be dated. It looks like a volatile day and maybe week we're in for. There must be uncertainty with my PTEN stock: the spread is .25 on a 6 dollar stock. I haven't seen it that wide in a looong time. It's interesting how someone just the other day mentioned that we're in for massive consolidation the oil sector, and today we are knee deep in it. You think they knew/know something we don't? Richard