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

To: diana g who wrote (39666)	3/11/1999 3:17:00 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

1 Million boe cuts is ALL READY priced in .....quote un quote... From the Blomberg post: <<Prices could stay at current levels even if the producers agree on the 1 million to 2 million barrels in cuts traders had been expecting. ''I don't think we're going much higher because a million- barrel cut is already in the price,'' said Al Zappulla, a trader at ABN Amro Inc. in New York. ''But if someone storms out of a meeting over there, we could be down $1 (per barrel) in a heartbeat.''>> ...see you at the cashiers window $. Holding all E&Ps - very, very little driller/service stock in my hands here... We've been here & done this before. Everyone agrees to cut 1-2 million - but no one can agree on how the cuts are shared ! - hope I'm wrong.... but; hedging my bets here.