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

To: Crimson Ghost who wrote (43723)	5/2/1999 12:25:00 PM
From: SargeK	Respond to of 95453

Guesstimates, Predictions and Forecasts???????? PaineWebber oil analyst Frank Knuettel: "oil prices will be weak for the next 30 to 45 days." Asked how far he expected oil prices to decline, the analyst said, 'about $1.50 or so.' That would bring the price per barrel to about $16.50. iionline.com "Given the attractive power of the big 62 percent retracement of the 1996/1998 downtrend, which comes in at $18.84, there is a good chance crude will find support above $18.22-$18.16 and rally to a lasting top at $18.75-$18.84. -- Lasting for a few months that is," Peter Rehmer Energy Specialist at Elliott Wave International said in a daily report. commods.reuters.com Crude Prices appear to be due for some back filling: commods.reuters.com However; due to the length, depth and breadth of the decline, I expect the recovery to be quicker and more powerful than most expect. I lean toward $20.+ WTI/Cushing crude within 90 days and OSX 90+. Yours truly..... I think we should start an OSX/Crude Price Pool for the period May 10 thru Aug 7 (90 days) and let Mike keep track. He already has hands on experience. Good luck all, SargeK