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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: BK who wrote (14407)3/10/1999 6:57:00 PM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
<Now if OPEC and other oil producers will just be sensible.>

BK, I've been reading that Venezuela, the world's third largest oil producer is not planning on going along with the proposed production cuts. Venezuela has a new administration that is taking some steadfast and hardline positions in a policy aimed at stabilizing the country. Ecuador's is causing some renewed concern in South America.

I've also read that oil analysts are bashing the proposed oil production reduction numbers as being not enough of a cut. Could be a good time to look at shorting the major oils once again.

AS