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: Platter who wrote (38747)	3/3/1999 10:07:00 AM
From: Harlan Moore	Read Replies (3) \| Respond to of 95453

Platter -- Are you using "real-time" oil prices for your posts? Sarge -- What the hell is a Mexican stand-off? Thanks Teardown

To: Platter who wrote (38747)	3/3/1999 10:15:00 AM
From: Big Dog	Read Replies (4) \| Respond to of 95453

At the risk of repeating myself, here is what I think will happen, FWIW. We will have a nice rally/upward bias for the near term. But soon, investors will say "Hey, oil prices are looking firmer/higher, but day rates and utilization still sucks -- I'm selling." Then a dip. Then oil prices maintain upward momentum and become "accepted" at higher levels. Then oil companies start gently increasing (or stop cutting) E&P budgets as they gain coonfidence in higher oil prices. "Hey, maybe this is real!" Then utilization starts edging higher...and the drillers accelerate their stock price gains. Very basic, but I wanted Slider to be able to understand :) Platter -- What is the symbol for the near month crude? Slider -- How are your E&P companies doing today. I see my fave, Vastar, is up 2 1/2. big loosbrock.com