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

To: John Carpenter who wrote (35282)	1/17/1999 3:35:00 PM
From: SargeK	Respond to of 95453

John, I still recall last September when crude jumped a couple of bucks. For example: GIFI went from $9 on 9/1/98 to $18 on 9/28/98 and NE went from $10.75 on 8/31/98 to $17 9/16 on 9/14/98. In the previous report I was talking averages. There will be spikes up and down and intermediate trend changes which will cause significant price movements. I think crude has already seen the bottom for this long-term cycle and the trend will be modestly up. I like the whole OSX at this juncture and anyone with the money, guts and patience will be rewarded short, intermediate and long term. I still like GIFI because it has no debt and has to be ahead of the line if and when TEXACO/Marathon along with the insurers decide to replace the PETRONIUS module. Volume has dropped to a trickle and all it will take is a spark for this one to ignite and show a significant percentage gain. K