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: upanddown who wrote (36573)	2/2/1999 8:34:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

John: You may just get your wish. Talkin' 24 m in this article. biz.yahoo.com

To: upanddown who wrote (36573)	2/2/1999 8:56:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

John, By itself, the excess 12 mil. barrels isn't much. But, it does reiterate the fact that all those "cuts" haven't done much damage to the existing oversupply. The producers need to cut into the existing oversupply before prices will rise. Take a look at the latest Noesis charts. Several significant producers have increased production recently!

To: upanddown who wrote (36573)	2/3/1999 1:20:00 AM
From: VLAD	Read Replies (1) \| Respond to of 95453

I haven't been following the oil patch stats too closely lately (still holding a few thousand shares of FLC) but didn't refining capacity show a significant drop just recently? If so then doesn't reduced refining result in increased storage in light of constant import levels? Seems to me like there is just too much fixation on these these weekly API numbers without looking at other factors surrounding them. I also love how we get all these analyst downgrades when most of the drillers are at or near 52 week lows(eg Morgan Stanley's recent downgrades of most drillers they cover). In the past I have seen this as a clear signal that we have hit bottom. The analysts downgrade at bottom and their firms accumulate and then after the there is a significant move to the upside they upgrade and sell into strength. I don't even know why they are called analysts anymore. They aren't analyzing anything except their brokerages strategy for making money on the companies they cover. How else can you explain an analyst having a strong buy on a drilling stock and then after a 50 to 75% price drop in stock price downgrade to a hold. What kind of f#@%ing advise is that!!