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

To: BigBull who wrote (33447)	12/23/1998 3:01:00 PM
From: Crimson Ghost	Respond to of 95453

Some indies looking to expand drilling: bloomberg.com

To: BigBull who wrote (33447)	12/23/1998 4:49:00 PM
From: gregor	Read Replies (1) \| Respond to of 95453

Big Bull: This isn't the wrath of God on oil bears but it could bring on further cooperation from other OPEC members. CARACAS, Venezuela - Venezuela said it will implement the last phase of cutting crude output by 525,000 barrels a day in January, fulfilling its agreement with other oil-producing nations seeking to boost world oil prices. Venezuela currently produces between 80,000 barrels and 100,000 barrels of oil a day more than its pledged output of 2.845 million barrels. The country, along with other OPEC nations, agreed in June to cut oil production. -

To: BigBull who wrote (33447)	12/28/1998 11:34:00 AM
From: RGinPG	Read Replies (2) \| Respond to of 95453

If you are counting on weather to bail these stocks out, you may be disappointed. What this sector needs is a much more favorable demand/supply ratio for oil. It's going to take huge increases in demand from Asia and others and a significant decrease in supply from all exporters to turn this thing around. I don't see that happening within the next 6 months. I'm thinking we may be on the brink of previously un-forseen and undreamed of lows due to lack of profitability, as opposed to the major decreased profitability that has already occurred and priced in to these stocks. I forsee some of these companies actually going under before this is over. I guess I interpret my weekly charts differently than you do. osxstocks.com As far as being a nimble trader (not your comment I know), I'm getting more nimble as I gain experience. But, it would not be the first time I've been wrong on my trades. It would however be the first time I've been wrong on the bearish side.