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

To: RealMuLan who wrote (43627)	4/30/1999 5:15:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

CNBC - Kudlow reports Venezeula is CHEATING as we speak ! Yiwu; per your comments. << Another thing to keep in mind is that the end of next week or so OPEC compliance number will be out. It will have a sell on the news. >> ...nahhh; no one read all those shipping notices expect us - those Oil Pit Traders certainly do not have access to these Bloomberg cut & paste jobs now do they (VBG) ? Certainly, the Oil Traders haven't factored in the initial strong OPEC compliance did they ? Do you think they actually look forward in their thinking and actually priced in the OPEC compliance into current prices ? - wow, what a concept ....(VBG). Famed economist Larry Kudlow on CNBC just called for a substantial retracement in Oil - says today that Venezeula was found to be cheating allready... now who called that ??? Gee, Bull - maybe the International Oil Majors had a reason to doubt the SUSTAINABILITY of Oil Prices after all ? If we start selling off slowly on this news on Venezeula cheating - it will become a race to beat the crowd out the door in advance of the actual news... kind of hate to see those who jumped on here, or who failed to take profits get caught in a downdraft... Save the flames - I'm just reporting what Kudlow said - I report - you decide (VBG) ! To not be prepared - is not to be spared... It will not be a surprise to see the ''spin'' from the street to start focusing on these still falling rig counts, low dayrates, and if Crude sells off into the OPEC reporting - volatility returns and the whipsaw will once again catch quite a few newbies... cheating, not compliance may become the topic - if it does - load up another trading range...