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

To: SliderOnTheBlack who wrote (38714)	3/2/1999 8:29:00 PM
From: Roebear	Respond to of 95453

Slider, Thanks for the update on inventories and your comments on Noesis is right on. Seen enough of those Web Site front running dreamers. A site I do respect for TA, securitytrader, which has been bullish on oil stocks at the appropriate times (recent neutral), is calling for a possible H&S measurement on SOX to 319. HMMMMM, I think I can spell S E C T O R R O T A T I O N? Best regards and keep up the excellent posting, Roebear

To: SliderOnTheBlack who wrote (38714)	3/2/1999 8:35:00 PM
From: Broken_Clock	Respond to of 95453

Slider, I can't speak for his archives as I haven't looked. I do remember that lasy year about this time he was calling for $10+/- oil for this winter(Feb 99 I think). Every poster on this board scoffed at such a notion. Even the CEOs of the drillers were scoffing. Let's see, RDC was about 28-30 then, ESV was 28ish, NE was 30+, RIG was pushing 60, etc... LT was the first real oil "bear" on this thread that was a regular poster. The were one or two that stopped by in Jan or Feb but were immediately flamed off the board. Too bad, as I imagine many, many thousands were lost by the bulls as this sector just got hammered. I know I lost $ being bullish on the drillers based on what turned out to be, in retrospect, meaningless predictions of higher dayrates, Asian recovery, deepwater discovery, Gulf leases that "had" to be drilled...all made by respectable analysts, CEOs, oil industry insiders, etc. I'm not trying to spoil your fun, I simply believe now that all opinions should be heard. George Noesis may have his motives and his forecasts may not be totally accurate, however, he had the trend tight on. As I recall, nothing will really change in the patch(dayrates-wise) until oil moves above $15 and stays there. This is according to numerous "patch" CEOs. Your advice to trade the drillers is good, IMO. I'm not sure the final bottom is in.

To: SliderOnTheBlack who wrote (38714)	3/2/1999 8:44:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Here is another drawdown factor - refinery shutdown for 30 days - <<Tosco Stands Down Avon Refinery STAMFORD, Conn., March 2 /PRNewswire/ -- Tosco Corporation (NYSE: TOS - news) announced today that it is taking a shutdown at its Avon Refinery in the San Francisco Bay area while it conducts a thorough safety review, following a fatal fire at a processing unit on February 23. It is expected the stand down will last at least 30 days. The plant will be brought back up only when the company is confident that all safety issues and concerns have been addressed.>> Ps - rumor <VBG> has it that the Naval Pilots that hit the Iraqi pipeline were from the Lonestar State. ... both had family in the Oil bidness... nothing like taking matters into your own hands and taking care of the family bidness .... 20 cases of Lonestar and a weekend pass in Bahrain with the Hot Tub Shiek and his Harem for each Pipeline hit...keep 'em coming boys ! I smell victory - it is in the air and it do be smellin sweet...

To: SliderOnTheBlack who wrote (38714)	3/2/1999 9:08:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Slide, here is an old theme that may resurface on the web: A guy has two web sites under different persona. One calls for gloom and doom and the other for raging bull...one will be right and he runs with that one. No one is the wiser since they seem to be two different web sites. ...do you have a bear alias? big loosbrock.com

To: SliderOnTheBlack who wrote (38714)	3/2/1999 10:36:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

I resemble that remark, Slider! I have a feeling if OPEC backs off additional short term cuts, we could see a new low at the end of March. Time will tell.... I wonder if Greenspan's oil related remarks were orchestrated to take the pressure off of OPEC to cut. That way the glut can continue and the good ol' USA can continue to have cheap oil to fuel it's bubble??? hmmm......