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: marc chatman who wrote (38861)	3/4/1999 9:05:00 AM
From: Box-By-The-Riviera™	Respond to of 95453

Shell was upgraded yesterday to strong buy....that didn't hurt either. regards Joel

To: marc chatman who wrote (38861)	3/4/1999 10:32:00 AM
From: JungleInvestor	Read Replies (2) \| Respond to of 95453

Analyst on Bloomberg TV show believes tech is on way down and there will be sector rotation to.... the energy sector. Recommended Enron and SLB. Also news article on Norway cutting capex spending 20% this year. The La Nina effect may be upon us. It would not be surprising for next weeks API/DOE numbers to be very good (especially for distillate draws) in light of cold weather in Northeast and Midwest, refiners taking maintenance breaks to boost low profit margins and refinery switches from distillates to gasoline. The analysts were faked out the last two weeks in forecasting large increases. Wonder when the analyst consensus will change from negative to positive? As the capex cuts begin to take hold, I bet it's sooner rather than later. Just hope it's not too soon because the lower the oil prices when OPEC meets, the better chance for agreement.