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: RGinPG who wrote (32047)	11/23/1998 4:18:00 PM
From: Jamey	Read Replies (1) \| Respond to of 95453

Ron, would it be a good move to short the box until OSX 47 and then re-buy your stocks at the lower prices? Santiago

To: RGinPG who wrote (32047)	11/23/1998 4:29:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Hi Ron. When I said the AOL/NSCP deal would be good for OS, I guess I should have said I was being sarcastic. Sorry about that. I was just thinking that if a more powerful AOL was good news for its competitors (note that all the internet portals were bid up significantly), it should also be good for companies which have nothing to do with the internet. Makes as much sense as anything else, doesn't it? By the way, can you explain to me why AOL's competitors went up on the news of the AOL/NSCP deal? There is still plenty of time for the market to carry the OS stocks higher. I suspect a huge rally in overseas markets tonight to help celebrate the new highs here. That should create a big rally in the futures overnight, which should move the market up substantially tomorrow.

To: RGinPG who wrote (32047)	11/23/1998 4:31:00 PM
From: Aggie	Read Replies (1) \| Respond to of 95453

RGin PG, hello It looks to me like we're moving into a self-fullfilling paradox: Big oil has started to panic and are cutting budgets right and left during a time when drilling and finding costs are at all time lows, leading to more panic and more cutting. Considering that deep water developments typically have a 3-5 year time frame from discovery to production (if they are fast-tracked), I would think that this would be an ideal time to be contrarian: Pick up a deep water floater on subcontract from some other schmuck operator who has it on long-term contract. Right now these can be subcontracted for 70-80% of their contracted day rate. Unfortunately our industry is driven by one-year spending segments. Hard to sell the idea of a multi-year long term savings to stockholders who are looking at negative returns already! Just my 2 cents worth. What do you think about crude oil futures right now? They look pretty good to me. As for the OSX stocks, color me long. Thanks and best of luck to all. Aggie