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

To: Broken_Clock who wrote (40713)	3/23/1999 11:26:00 PM
From: Box-By-The-Riviera™	Respond to of 95453

Tuesday March 23, 9:50 pm Eastern Time ACCESS energy futures rise on bullish API numbers LOS ANGELES, March 23 (Reuters) - U.S. energy futures rose in after-hours ACCESS trade on Tuesday with traders responding to bullish inventory figures from the American Petroleum Institute (API), dealers said. Crude oil futures rose 13 cents to $16.54 per barrel by 1815 PST (2115 p.m. EST), after a late opening due to ACCESS technical problems. Volume was just 863 lots traded, of which 823 were for May. Dealers said large draws on gasoline and heating oil in the weekly API data propped prices. ''It was the bullish API figures and crude just followed,'' one dealer said. Overnight ACCESS trading opened delayed at 1925 EST/0025 GMT, because of information feeds problems. In regular trade on the New York Mercantile Exchange, the incoming May contract ended down 23 cents, to $15.51 per barrel, as dealers took profits after OPEC leaders agreed, as predicted, with other oil producers to trim 2.1 million barrels per day (bpd) from a world glut. Some dealers predicted further price weakness as market watchers questioned compliance to the latest round of output cuts. Traders said cuts had largely been factored into prices. Gasoline futures also rose in ACCESS trading, up 59 cents to 49.50 cents per gallon. Of 67 lots traded, 26 were for April. The heating oil contract rose 49 cents to 42.15 cents per gallon on volume of 201 lots, with 82 for April. In regular trading, gasoline slipped 0.51 cent to close at 48.91 cents a gallon, while heating oil fell 0.73 cent to 41.66 cents a gallon.

To: Broken_Clock who wrote (40713)	3/24/1999 10:20:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Papaya King - you and the other Gloom & Doomers are welcome, but ,,,, - do NOT think for one minute that your uninformed, lack of homework, periphial, cursory , sterotypical - out of touch commentary is going to fly here. Do the homework, get updated and actually ''know'' what is going on ''today'' in the present sense in the Oilpatch and on this thread and then look before you leap (post). - for your sake...please. How many more - ''I'm still living in July 1998'' Oilpatch cliches do you have Papaya ? ie" <<Slider, I usually try to just give the other side of the coin to those on this thread .......We know where you come from...every time you called "the" bottom only to "revise" your call to a double bottom, triple bottom, quad bottom!....>> * Papaya - yes; for the 300th time - I like many averaged down into the June Swoon and the July 1998 selloff - Big Deal ! It is 1999 in case you haven't checked a calendar lately ? While you guys took a ''once burned - forever spurned'' Gloom & Doom view of the Oilpatch and exited (that's your perogative) some of us have actually made a lot of $ by sticking with it, learning, doing our homework, doing some trading - not to mention the now 5th trading range play of OSX 45-8 to 62-70 ! Not to mention the umpteenth times we played FGI from $10 -12; or the RIG/RON game from the $20's to $30 etc. You guys live in a damn time warp over at Ivest LTD -- get some fresh air... update yourselves - the Oilpatch didn't stay frozen in time like you guys have - we've actually done very well thank you. And we did it all without all you ''other side of the coin'' Oldtimers who took a hit and couldn't muster the guts to get back up, dust yourself off and make some real MONEY $ ! but, worse than that - you chose to insult, ridicule, talk/spin your short the 'patch plays and generally totally spin reality here. - hey, to each his own... you guys can keep shorting the Patch into the bottoms, waiting for Gold to go to $700 and the DOW to implode to 4000 and live life in your intellectual bomb shelters - to each their own.... ie: your comments below: <<But I'd give it a 50/50 chance at best that the "bottom" is in for the OSX. How do you expect the "recovering" asian economies to handle higher oil prices while their economies are on the skids? Think they will export their way out of it? Think again. The good ol' USA is on the verge of a trade war. Turns out we're running the highest trade deficit EVER! Course that won't matter 'cause we only import 60 or 70% of our oil. Hey, I know, let's just borrow more! Got anymore suckers for some US debt? >> ....sorry; but I think you need psychiatric help; seriously - you've obviously spent way, way toooooo much time listening to Looney Tune and the end of the world is coming mantra..... Get a grip man ! But, you did get one thing right - but in a sterotypical, uninformed manner as usual - your comments on Rig utilization, dayrates etc. are late - we've allready discussed that reality here in detail - long before you periphial OilPatch hobbyists over at the Mensa Thread, threw out your generalized euphemisms... You are totally out of touch with our analysis of earnings projections, our trading philosophies and what we have been doing for the last 7 months ! Trust me - we do our homework here ! Do ''you'' really think we need ''you'' to tell us about declining dayrates and rig utilization ? ROFLMAO ! - sure, you guys have purely altruistic intentions. You are the Mother Theresa's of the Internet - you want to protect ''our'' money...not your short positions - right...? You don't insult our intelligence when you throw out a comment like ''onshore rig counts continue to decline'' etc. - you actully insult yourself; it shows us you are not only late, but you obviously post before you read - we've discussed this for months ! Your ''Blind Bull'' buy and hold simplistic sterotyping of us - shows your blatant ignorance; and worse than that - your complete and total lack of homework concerning this thread. papaya king; READ BEFORE YOU MAKE AN IDIOT OF YOURSELF ! - get a clue before you post these generic, sterotypical 3rd grade level amateuristic platitudes and attacks toward me ! - what a joke....you obviously haven't been in touch here for months...and you ''flame'' me with some moronic June 1998 double bottom bullhookey ? - You are clueless and totally out of touch; - we've just had a quadruple - maybe a quintuple bottom ! and we've traded the hell out of it and made money and it's in the bank - yes ! - believe it or not, some of us actually took PROFITS ! - yes PROFIT$ ! This - ''present day - here & now'' double, triple, quadruple bottom IS the one ''WE" are talking about and trading ! - NOT the one from July 1998 - GET A CLUE TO LIFE ! - come out of your year old Gloom & Doom Hibernation ! - and please update yourself; I used to give you credibility as being somewhat neutral - but not any longer; Papaya King, to the ''Cub'' pit for you <VBG> ! - you don't make the ''cut'' any longer - back to ''A'' ball - you just got cut <VBG> ! - you're not even a ''real bear, a ''cub'' yes - but no bear .... now that boy from Arkansas - now there is a Grizzly...<VBG>...he be a ''thinkin mans bear'' - Arkansan and all... << Are you aware that the advance/decline line in the NYSE is pathetic?...that the RUT is in a rut? That the offshore and onshore rig count continues to decline? That drillers are stacking rigs? that the recent Gulf lease was dismal? Don't bother, I know your answer: This time it's different, the market only looks forward, Asia is on the rebound(forget all the facts, such as Japan's contracting! economy)! >> * Papaya - once again; a ''sterotypical moronic assumption - remember what they say about ''assume'' ? you , quote-unquote - ''know my answer'' - to the above ? - obviously Papaya - you don;'t know my answer - because I all ready brought this up - that is why I was trading and taking profits all the way up and on all 5 of these recent moves...(did well on 4 of the 5 - got greedy on one). Obviously; you did NOT read anything here in the last 7 months ! - you are living in June 1998 and you assumed....you just throw out these BS sterotpical incorrect posts... you make a complete and total fool of yourself when you criticize me in reference to declining rig rates, and dayrate commentary ? Get a Clue - read the last months posts ! - been there - done that and asked & answered ! no news there Einstein... Sorry, Pappy - you made it personal - I have the right and the responsibility to set the record straight; you amateur's from Invest LTD are the actual ''Inbreds'' - intellectually inbred that is; and totally out of touch and insulting in your sterotypical twisting of facts. Do your damn homework before you come back - pleeeeeeeease, for your sake. with warm & fuzzy regards...

To: Broken_Clock who wrote (40713)	3/24/1999 10:27:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Papaya; re: NOEIS - what are you smoking now <VBG> ? << Sure, go ahead and pick him apart(Noesis) for pitching 8 2/3 innings of hitless ball. Gimmee a break! >> Papaya; - I never questioned you personally; only that if you think NOESIS - ''got it'' - I have to ask what are you looking at - what are you smoking ? - ''he pitched 8 2/3rds ingings of hitless ball'' ? - what game were you watching <VBG> > ..and now - << ''he'' was the only one who was predicting $12 Oil ?>> WRONG ! - now Papaya, I have to ask - are ''you'' the infamous George Clemens of NOESIS <VBG> - why so personal ? There were scores of analysts predicting $12 Oil. It was their reasoning, their explanation, their grasp of the correct fundamentals and above all - their NEUTRALITY in using just the numbers, just the facts and NOT the spin-doctoring editoralizing that he did time and time again ! His own graph archives show that this guy was never more than a mere frontrunning hypster. Remember the first big pop in September after the initial major selloff ? He quickly revised his graph/estimates back up to $15. Then when '' short sellers'' in the Oil Pits sold Crude down - he ''spun on a dime'' to revise his Gloom & Doom predictions back down to $8 ! Then during the 40 Million boe drawdown from August, during all the positive Asian demand news from the Phillipines, So. Korea et al - he failed to recognize that not only was Global demand higher than last year, but was being revised upwards. The single biggest fundamental mistake that he made; was to ignore the 2nd part of a simple mathematical equation for crude prices. - Yes - it was ''initially'' a ''Demand - Stupid'' induced problem. But, only a literal Moron would fail to include the implosion of Global production from the historic Cap Ex reductions by the Internal Oil Giants and Independant E&P's ! The cure for low oil prices - being low oil prices; is another simplistic euphemism - but also another ''Truism'' if put in proper context. NOESIS actually isn't so stupid as to ignore the supply side of a supply & demand -price equation; he chose to ignore it. Remember his infamous fax survey - ''How much would WE be willing to pay for HIS service/would we be willing to pay $...'' ? - remember - ''it IS allways about the money !'' Well there are professional Oil analysts Worldwide who not only got it - but explained it and remained the neutral number cruchers that an investor really needs. NOESIS had only one opportunity to ''make it $'' imho - and that was to throw out the biggest "Gloom & Doom'' low-ball price of crude and cry - The Sky is Falling louder than any other Chicken Little out there in an effort to make some MONEY ! ...when in doubt - follow the money; or in his case - the attempt to make some $ ! First it was $12 - and yes; he like about 123 other Oil analyststs saw their $12 - I'll give him that one achievement; but - he was NOT in front of the pack and he sure as hell wasn't the lone wolf in the pack ! But, where he lost total credibility imho, was his - lets take this to another level of Gloom & Doom - $8 call. HE stuck to $8 as others upwardly revised their estimates due to good OPEC compliance etc. Only when Crude spiked and rebounded in the fall did he then reverse; and in fact did a ''spin on a dime'' reversal to $12-15 ! ...and then when Crude Prices imploded again (major shorting by Oil Traders) - he did another damn ''spin on a dime'' - and most importantly - he did it in a ''Follow the Pack'' manner; back to his $8 Gloom & Doom ... and now; to add insult to injury --- he wants to use 3 predictions ! - now, tell me he doesn't realize that he has to cover his ass if he wants to continue with his Web Site Business !!!!! ???? - Three Scenarios - 3 Crude price predictions ! - damn; talk about covering all the bases ! - obviously he can't be wrong from here ROFLMAO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NOEIS is and will all ways be from here - a joke.