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To: diana g who wrote (42575)	4/19/1999 7:11:00 AM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

Saudi and Oman cut oil sales by as much as 35% for May---MEES

To: diana g who wrote (42575)	4/19/1999 8:12:00 AM
From: Crimson Ghost	Read Replies (3) \| Respond to of 95453

Diana: Oil stocks strong in Europe this morning. A good omen for the OSX. You and I agree only that OPEC does not want crude going too high near term. But I disagree strongly with your OSX outlook. Crude at $18 or crude at $21 will make a big difference for the OSX price -- perhaps even more than my 25% estimate. And this OSX bull has considerably further to go even if brent goes no higher than $18. This OSX bull is only 6 weeks old and real bulls last many months or years as the action of myriad other sectors in the stock market suggests. I see OSX going to at least 85 by summer (with the ususal consolidations and corrections) and quite possibly to 100+ if OPEC is indeed seeking $21 brent and the Asian rebound continues.

To: diana g who wrote (42575)	4/19/1999 9:11:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Oslo trading -- RIG up about 8%, PGO up about 9%. big loosbrock.com

To: diana g who wrote (42575)	4/19/1999 11:21:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Diana: OSX up about 6% so far. This bull is in fine shape althougH a substantial correction is inevitable if we keep going up at this rate. Re: oil prices and OSX. I agree that short-term fluctiations in oil prices are not always the decisive factor impacting the OSX WHEN CRUDE IS PERCEIVED TO BE FLUCTUATING WITHIN A NORMALIZED TRADING RANGE THAT HAS BEEN DISCOUNTED BY THE MARKET. BUT WHEN CRUDE MOVES OUT OF A TRADING RANGE TO THE SURPRISE OF THE ANALYST CONSENSUS, THAT IS ANOTHER MATTER ENTIRELY.