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

To: SliderOnTheBlack who wrote (28294)	8/25/1998 1:19:00 PM
From: marc chatman	Respond to of 95453

CNBC doing a story about the geo-political risks of low oil prices. Comments by Michael Metz, etc. (I think this was from a USA Today story.) CNBC concluded with some nice comments that "most analysts [they] have spoken with say oil prices should increase $2-3 by the end of the year" and that oil stocks probably have gone down as far as they will and are good buys here. Hey, it looks as though the hype is working; the OSX just spurted up .02.

To: SliderOnTheBlack who wrote (28294)	8/25/1998 1:37:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Re: CXIPY. I understand the flexpipe produced by CXIPY is different in its purpose from the drill pipe which EVI manufactures (one of the oil gurus on the thread once explained the difference). But perhaps the feeling is that if EVI has experienced a weakness in the demand for its drill pipe in deep water projects, then CXIPY will also have a problem. I'm not sure, and it's nothing more than speculation looking for an answer, but the recent market action, especially today, says someone doesn't like something. If those funds are dumping like you say, perhaps it's because they know something.